In light of the massive digital transformation taking place in the Kingdom, renting property has become easier and faster. However, there are some important steps you must follow to rent your property safely and protect your rights and the rights of your tenants.
In this article, we present six simple and effective steps to ensure your property is rented safely.
1. Seal a unified electronic lease contract
The unified electronic contract is the foundation of any secure lease transaction. Using the Ejar platform, you can conclude a unified electronic lease contract containing all important details, such as the lease term, rent amount, and payment method. Unifying the contract simplifies legal procedures and effectively protects your rights and the rights of the tenant. It also helps you avoid any ambiguity or legal issues in the future.
2. Document the contract through the Ejar platform.
After you conclude the contract, you must have it notarized through the Ejar platform to give it legal status. This ensures legal protection in the event of a dispute. Notarization protects the rights of all parties and facilitates procedures should you require legal intervention in the future.
3.Pay the required fees on time:
Ensure that rental contract-related fees are paid on time to avoid any legal issues. Fees include:
Residential Contract: The residential contract documentation fee is SAR 125 per year.
Commercial Contract: The commercial contract documentation fee is SAR 200 for the first year and SAR 400 for each additional year.
Note: These fees are usually the responsibility of the landlord, unless otherwise agreed upon by the parties.
4. Pre-Leasing Property Inspection
Before you begin the rental process, it's best to conduct a comprehensive inspection of the property.
Ensure that all utilities, such as electricity, water, air conditioning, and internet, are in good condition and working properly. This inspection helps avoid any potential problems later on and clearly defines the property's condition, preventing any disputes with the tenant after the end of the contract.
Don't forget to inspect the roofs, doors, windows, and other facilities.
5. Keep Accurate Financial Records
One of the most important aspects of renting a property is its financial records. Keep an accurate record of all payments made by tenants, such as monthly rent, any additional fees, and any other costs. This record helps you keep track of all financial transactions related to the property in an organized and organized manner. It also makes it easier to handle any financial disputes that may arise in the future.
6. Property Insurance
Property insurance is an important step in protecting your investment. Property insurance covers any unforeseen damages that may occur. It's best to take a security deposit from the tenant to cover potential damages. In the event of any damage, you have the funds to cover repair costs.
How can Dallali help you with these steps?
1. Facilitating the electronic lease contract:
Through Dallali, you can easily conclude a unified electronic lease contract and notarize it through the "Ejar" platform in a quick and secure manner. The steps are simple, and notarization is automatic.
2. Legally notarize the contract:
With Dallali, notarization through the "Ejar" platform has become easier and faster.
The platform ensures that you do not face any legal issues regarding the contract.
3. Easily Pay Fees:
Dallali helps you pay contract-related fees in convenient and flexible ways, allowing you to track and pay fees on time through the platform.
4. Pre-Leasing Property Inspection:
With Dallali, you can keep a complete record of the property and comprehensively document its condition. This helps you verify the property's condition before you begin the leasing process.
5. Organizing Financial Records:
With Dalali, you can manage your financial records in an organized and accurate manner. The platform allows you to easily and clearly track property payments and invoices.
6. Property Insurance:
Dallali provides you with tools to help you ensure financial security through property insurance, protecting your investment and documenting any guarantees from tenants.