المملكة: Real Estate Registry: The deadline for the first in-kind registration of the property expires today
Declared General Real Estate Authority Expiration of the specified deadline For the first in-kind registration of the property in Here, before the end of the registration period, to benefit from the services of implementing real estate transactions and documenting all changes that occur to the property.
She explained "Body" That the land registry will be issued "Property number" An ownership registration instrument for each real estate unit being registered. The new ownership registration instrument includes the precise geographical location of the property, its owner’s information, descriptions, and condition, and the rights and obligations that follow and all real estate transactions that occur on it, to be the basis for documenting ownership and the real estate rights resulting from it, in a way that contributes to the sustainability and strengthening of the real estate sector and its main capabilities.
Consequences of not registering real estate
The authority confirmed that failure to register real estate within the period specified in the announcement decision exposes its owners to financial fines. contained in the real estate registration system determined by a committee specialized in examining violations.
Two days remain until the end of the specified period for real estate registration in the Eastern Province.
The number of real estate plots is 214,166, including 56,446 plots in the Eastern Region, which includes the governorates of Al-Ahsa, Al-Khafji, and Al-Nairiya.
And 157,720 real estate plots in the Riyadh region, including the governorates of: Al-Ghat, Al-Zulfi, Al-Majma’ah, Jalajel, Rawdat Sudair, Hotat Sudair, and Al-Kharj, Dalam, and the city of Riyadh.
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