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Publish Date

1447/09/13

Release Date

1447/09/07

Status of legislation

Active

Type of legislation

Controls

Legislation Type

Board Resolution of the Authority

Resolutio

The Chief Executive Officer (CEO) of the Real Estate General Authority (REGA),

based on the authorities legally delegated to him;

according to paragraph (2) of Article (VIII) of the Legal Provisions Regulating Relationship between Lessor and Lessee, issued under the Royal Decree No. (M/73), dated 02/04/1447 AH.; and

based on the Resolution No. (470000480), dated 02/07/1447 AH,

resolves as follows: 

First: To apply the notice period stated in the aforesaid Resolution to all residential lease agreements valid upon the enforcement of the Legal Provisions Regulating Relationship between Lessor and Lessee.

Second: In case of the failure to meet the notice period amounting to (365) days before the expiry date of a lease agreement, the lease agreement shall be renewed as much as required for completing such notice period as of the date of serving a notice of unwillingness to renew the lease agreement.

Third: This Resolution shall be published in official gazette and shall be applicable as of its date.

 

May Allah grant you success,,,

 

                                                                                                                                CEO

 

                                                                                          Abdullah bin Soud Alhammad

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