Alqanoni

Law of Selling and Leasing Off Plan Real Estate Projects

Art. 21
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. A committee, or more, formed by a decision of the Official for a renewable term of three years shall review violations of the provisions of this Law and the Regulations, except for the violations provided for in Article 24 of this Law, and shall impose fines not exceeding one million riyals. Said committee shall consist of at least three members, and its formation decision shall name its chairman, who must be a specialist in Sharia or law. The committee’s decisions shall be issued by majority vote, reasoned, and approved by the Official. 2. The Regulations shall specify the committee’s work rules and procedures and the remuneration of its members. 3. Committee decisions may be appealed before the Administrative Court within 60 days from the date of notification of the decision. Law of Selling and Leasing Off-Plan Real Estate Projects

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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