Property rights policy
Article One:
Real estate ownership shall not be expropriated nor the usufruct right shall be suspended, except for the public interest, provided that the owner is compensated fairly in accordance with the provisions of the law.
second subject:
Ownership of a property or real estate unit entitles its owner to enjoy all rights related to the property and dispose of it as stipulated in this system.
Article Three:
Real estate transactions include all legally permissible transactions, in particular the following:
a. sale
B. netting (barter)
C. Loan
Dr. Lease
H. Mortgage
And the. Endowment
g. The giveaway
H. Reconciliation
Article Four:
In exercising any of the rights contained in ownership, it is required to adhere to the statutory controls and procedures regulating the licensing of the activities and purposes that the owner wishes to carry out and the procedures regulating their registration.
Article Five:
Real estate ownership takes one of the following forms:
a. Absolute original ownership: This means the ownership of the property or real estate unit individually, whether by a natural person within private ownership or a legal entity within private ownership or public ownership, including all real estate rights associated with it.
B. Original ownership: This means owning the property or real estate unit individually or jointly with others, including one or more real estate rights associated with it.
C. Derivative ownership: This means owning one of the real estate rights without the original property or real estate unit.
Dr. Common Ownership: The ownership right of two or more people in a thing, of which no one of them has a specific share.
Article Six:
All lands separated from private ownership fixed by a title deed are considered the property of the state.
Article Seven:
State-owned lands may not be owned or seized except with the permission of the state. In accordance with established procedures, the transfer of these lands to private ownership shall be in accordance with the provisions of this law and the relevant applicable regulations.
Article Eight:
The reasons for a natural or legal person owning real estate are:
a. Feudalism from the guardian (grants).
B. Compensation for the property is compensation (sale contract).
C. the legacy.
Dr. The will.
H. The giveaway.
And the. Disposing of investment in real estate, in accordance with the regulations and procedures regulating the exploitation of state real estate.
g. Judicial rulings acquired for finality.
H. Forced judicial execution.
Article Nine:
Ownership of the property, real estate unit, or real estate rights is transferred for one of the reasons mentioned above, and the transfer of ownership is not valid except after documenting it in the real estate registry in accordance with the provisions of its regulations.
Article 10:
With regard to wills and inheritance, a regulation is issued regulating the provisions of inheritance and wills for non-Saudis.
Article Eleven:
a. Grants or fiefs, as a form of disposal of state real estate, are not permissible except by a decision of the King or the Prime Minister, or whoever is given the authority to do so.
B. When applying for grants, the following conditions must be taken into account:
1. The property must not be privately owned.
2. The area must be limited.
3. It must be in accordance with what was stated in the grant decision.
Article Twelve:
a. It is not permissible to invest in unexploited lands over which there is no jurisdiction, whether by ownership or usufruct, except after obtaining initial approval from the competent authorities to begin developing them.
B. The authorities authorized under the State’s real estate exploitation regulations shall establish a regulating mechanism for the investment of real estate within its supervision and jurisdiction that is not exploited, including the necessary controls for transferring its ownership to the investor or granting a usufruct whose duration is commensurate with the nature of the investment, after fulfilling the terms of investment and development agreed upon in advance with the The authorized party.
C. The authority supervising the real estate under its supervision and jurisdiction shall coordinate with the General Authority for State Real Estate regarding the controls for the exploitation of those lands and the mechanism for emptying them to the beneficiary.
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