Marwan: The registered real estate grants its owner a loan to create a project or a credit facility.
Counselor Omar Marawan, Minister of Justice, said that the draft real estate registration law will be presented to Parliament within days and will be through community dialogue to facilitate the citizens, stressing that the introduction of facilities and services is not related to registration with the real estate month
He added that the amendment of the new real estate registry law will include articles that facilitate citizens’ registration in the real estate month, explaining that the citizen must wait for the law that the government launches to present it socially and to the House of Representatives.
Marwan explained during a telephone interview with the Ali My Responsibility program on the Sada al-Balad satellite channel that the new law for the real estate month came to greatly facilitate the procedures of registering property and taxing the old customary tax contracts.
Counselor Omar Marawan pointed out that the registration fees in the real estate registry are reduced, noting that the maximum is 2000 pounds and starts from 500 pounds and that the bar association fees of 1%, the maximum being 25 thousand pounds, which is done in cases of consensual sales
Marwan pointed out that selling by customary contract will not be taken into account, and therefore registration protects the property from any attacks. It is also possible to invest this property through obtaining a loan for a project or affiliation facilitation.
The article: Minister of Justice: The draft of the real estate registration law will be presented to the parliament within days.