Ministry of Housing opens electronic payment service

Ministry of Housing logo

The Ministry of Housing recently launched the e-payment services on its Ejar network to ease the process of rent payments by monthly, annual or biannual installments according to the contract signed by the parties concerned.

Mohammad Al-Zumaie, deputy minister for Planning and Studies, said in a press statement that Ejar network aims to facilitate payment of rents for tenants and help them organize their budget.

“The system will help tenants to organize their payments to ensure that they pay their dues in time,” he explained. He added that e-payment will ease the procedures of documenting payments and collections for the owner too, according to the agreed terms.

“Ejar network aims to regulate the relations between the parties concerned, maintain tenants’ rights and those of the landlords and mediators which will result in stabilizing rent prices in addition to promoting investments in rental residential units,” said Al-Zumaie.

Additionally, the network aims to provide comprehensive rental listing services such as the annual prices and the rises expected.

It also assists citizens and residents with their search for a residential unit by offering them multiple choices complete with the specifications of the units including the location, the size and services available. Furthermore, the system offers a unified contract registration which can be amended and updated accordingly.

Al-Zumaie said that the Ejar network provides a comprehensive and accurate statistical database for the rental sector which includes information on the volume of demand and supply to serve as an indicator for potential investors and developers to draw up plans according to the needs.

“The system allows the monitoring of the rental sector and helps the ministry and concerned parties to draft the appropriate regulations that should maintain the rights of tenants and leasers,” he concluded.

The Ejar network aims to regulate and facilitate the collection and analysis of data on the housing sector through an electronic platform and then offer it to the parties concerned.

 
[wpResize]
 



Emaar Properties ‘facing market oversupply risks’
UNESCO recognition boosts Jeddah’s historical district

Comments

comments

%d bloggers like this:
Powered by : © 2014 Systron Micronix :: Leaders in Web Hosting. All rights reserved

| About Us | Privacy Policy | Terms of Use | Disclaimer | Contact Us |