Saudi: E-payment of rent is applicable currently to residential contracts only

Saudi: E-payment of rent is applicable currently to residential contracts only

RIYADH — The electronic payment of rent is currently applicable to residential contracts only, and not to commercial contracts, according to the Ejar platform.

The Rental Services E-Network (Ejar) emphasized that the bank transfer is considered as one of the payment methods outside the platform as it is not one of the digital payment channels approved by Ejar. “The digital payment channels, approved by Ejar, are Mada or SADAD through using the biller number 153,” the platform said.

Ejar clarified that adopting the payment mechanism through digital channels on the platform comes in implementation of the decision of the Council of Ministers. This is to make the necessary arrangements to provide the electronic payment service for rental contract payments so as to preserve the rights of the parties involved in the rental process, as well as to enhance the level of transparency in real estate operations, and bring down fraudulent operations.

The platform indicated that payment will be made available through digital channels on the platform for valid or expired residential contracts, and the payment will be transferred to the landlord’s bank account. The payment can also be paid in installments, and it is not required to issue a receipt voucher for rental