Regulations for the Disposition of Municipal Real Estate

Release Date:	1441-06-29
Release Tool:	Royal directive
Issuance Instrument Number:	40152
Validity:	Valid
Date of last amendment:	1447-03-03
Summary:	By AI The document addresses the approval of the Minister of Municipal and Rural Affairs regarding updates related to the actions concerning municipal real estate in the Kingdom of Saudi Arabia, based on a telegram from the Council of Ministers. The updates allow investors who entered into lease contracts before the issuance of the new regulation to extend their contracts for up to 25 years, with a re-evaluation of the rental value. The regulation includes important definitions and mechanisms for publ...

Release Date:

1441-06-29

Release Tool:

Royal directive

Issuance Instrument Number:

40152

Validity:

Valid

Date of last amendment:

1447-03-03

Summary:

By AI

The document addresses the approval of the Minister of Municipal and Rural Affairs regarding updates related to the actions concerning municipal real estate in the Kingdom of Saudi Arabia, based on a telegram from the Council of Ministers. The updates allow investors who entered into lease contracts before the issuance of the new regulation to extend their contracts for up to 25 years, with a re-evaluation of the rental value. The regulation includes important definitions and mechanisms for publ...