Nabil Al Fadl The General Real Estate Authority has identified 5 cases in which the developer may be removed from the registration of the developers, according to the procedural guide for the sale and rental of real estate projects on the map, which was recently launched for the referendum in a “reconnaissance platform”.
Systems and regulations
The 5 cases in which the developer may be removed, namely: bankruptcy whenever he became bankrupt, or if a decision is issued to punish the developer for committing a serious violation of the provisions of the system or regulations and regulations organized to practice the real estate development activity, or if the authority sees the delegation of the developer if he is not initiated without an acceptable excuse for the real estate project after the lapse of 6 months from the date of the license, or if the authority sees the developer’s removal due to the repetition of delay or the delay or The stumbling in the completion of a number of real estate projects or proven to violate the quality of their implementation, or if the period of the correction deadline granted to the developer ends after the registration was suspended, and its status was not correct.
Selling and leasing
The authority’s role in verifying the existence of what is proven to be achieved is the verification of one of the cases referred to in the requirements, leading to the removal of the developer, while the project aims to clarify all the details of the requirements of the procedures for selling and renting real estate projects on the map in which the authority is a party, and which is contained in the system of selling and renting real estate projects on the map.
Increase or reduce
The partial referendum related to dealing with the request to increase or reduce the number of licensed project units guarantee that the application form is required, explaining what proves the non -reluctance of buyers or tenants on the increase in the event of influencing their properties, the reasons for change, and the effects arranged on that, provided that this includes a report on the current project status, a surveying report for the updated space, and the updated timeline program, An updated statement includes a distinctive number for each of the project units, in addition to the number of units, as well as the approval of the land owner or the owner of its benefit and the approval of the consulting office, the update of the feasibility study of the project, the update of the building permit, and other other procedures.
The 5 cases of deletion
01 – bankruptcy, when is the most famous bankruptcy
02 – If a decision is issued to punish the developer
03 – If he did not start without an acceptable excuse, construction works
04 – Repeated delay or stumbling in achievement
05 – If the period of the correction deadline granted to the developer ends
