the implementing regulation for the real estate ownership, sorting and management statute

Release Date:	1441-07-02
Release Tool:	Royal Decree
Issuance Instrument Number:	m/85
Validity:	Valid
Summary:	By AI A royal decree has been issued approving the Law on the Ownership, Division, and Management of Real Estate Units, based on articles from the Basic Law of Governance and the Shura Council Law. The law includes the regulation of shared ownership of real estate, where shared property is defined as consisting of divided units and common parts, and specifies the role of the owners' association in managing the property. Each owner is allowed to build independent units, with the requirement of issuing ...

Release Date:

1441-07-02

Release Tool:

Royal Decree

Issuance Instrument Number:

m/85

Validity:

Valid

Summary:

By AI

A royal decree has been issued approving the Law on the Ownership, Division, and Management of Real Estate Units, based on articles from the Basic Law of Governance and the Shura Council Law. The law includes the regulation of shared ownership of real estate, where shared property is defined as consisting of divided units and common parts, and specifies the role of the owners' association in managing the property. Each owner is allowed to build independent units, with the requirement of issuing ...