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1447/09/13
1447/09/07
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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