31

May
2020

Individuals and institutions are now allowed to register multiple lease contracts in one certificate online

Individuals and institutions are now allowed to register multiple lease contracts in one certificate online

Individuals and institutions are now allowed to register multiple lease contracts in one certificate online, according to updated terms and conditions on real estate lease contract registration published by Qatar e-Government Portal – Hukoomi. A grace period of two months for registration of lease contract has also been granted to them. Individuals and institutions may submit a request to the Registration of Real Estate Lease Contracts Office at the different municipalities for real estate contracts between the lessor and the lessee for registration, said Hukoomi on its portal.  The applicants are given the option of adding more than one building or housing unit to the same certificate provided. The contract is also effective from the date of its conclusion rather than the date of validity.  Grace period of two months from the date of concluding the contract has been granted. After that, a memo is issued, followed by a report that is prepared by the municipality director and referred to the competent police station in order to take action against those violating the provisions of Law No. (4) of 2008 on Property Leasing and its amendments.  The applicants are required to log in to the website of the Ministry of Municipality and Environment (MME) using the National Authentication System (NAS), then select the ‘Lease Contracts’ service for registration.  The applicants will have to provide some details of the lessee like name and nationality, QID number of lessee and all residents in the same housing unit. Address or PO Box, telephone number and legal representative (if any) are also required.  Building details are also needed to enter including title deed of building, electricity and water numbers, zone name and number (My Address), if available. Other requirements are building PIN number, (if available), building, floor and flat numbers, area and specifications of leased units, according to the Qatar e-Government Portal.  The applicant should attach some documents including a copy of contract in Arabic, a copy of title deed (requested in case applicant chooses ‘manual submission’ instead of linking via title deed number).  Copy of power of attorney or authorisation to register a lease contract, copy of articles of association in case of sublease, copy of QID of lessor (in case of requesting authorization to registration a lease contract) and copy of building completion certificate are also required to be attached.  The applicant will have to pay appropriate fees and submit an application so that the system sends an SMS on receiving it successfully.  Competent officers at the Registration of Real Estate Lease Contracts Offices provide this service to the elderly and people with disabilities at the municipality premises. This service is completed in one day and the applicants can view the service information on MME website. A registration fee of 0.5 percent applies from the annual rental value for each residential, commercial or any other unit specified for the property building license, with a minimum of QR250 and a maximum of QR2,500.     Source: Peninsula (Dated:31/06/2020)  


30

Apr
2020

Barwa Real Estate to develop eight schools

Barwa Real Estate to develop eight schools

Barwa Real Estate Group will develop eight public schools across Qatar as part of the country’s plans to develop 45 schools through public-private partnerships (PPP), the first of its kind in the social infrastructure in the country.  Barwa has been selected as the “preferred bidder” for the “Qatar Schools PPP Development Programme – Package 1” by Ashghal. Under this project, Barwa would be developing the public schools across Qatar, for the Ministry of Education and Higher Education, as well as maintaining them for 25 years in return of rental income.  “This PPP endeavour is the first of its kind in Qatar and an investment opportunity which brings sustainable long term returns for the group and its shareholders,” Barwa said in its regulatory filing with the Qatar Stock Exchange.  Barwa Real Estate Group’s participation in the project remains subject to the finalisation of the project agreements with Ashghal and the satisfaction of conditions precedent, including financial closure. The contract value and the financial impact would be announced after the commercial close and contract signing. Early last year, Qatar had announced plans to construct 45 new public schools under PPP at an estimated total capital cost of about QR4bn.  Under the PPP model, the private sector would bring the full package of design, construction, financing and facilities management to the project. The construction of schools, each with a capacity of 750 students, is based on population projections by municipalities. The PPP structure for schools in Qatar follows a similar structure that is followed in the UK and Australia. The key aspect of Qatar’s model is that any demand risk for the schools will not be transferred to the private sector PPP partner.  Earlier last year, Saud bin Abdullah al-Attiyah, Director of Economic Policy and Research Department at the Ministry of Finance, had said the payments from the government would be guaranteed for 25 years. The projects would be divided into six investment packages with the first package – comprising eight schools – to be completed in 15 months after the financial closure. The subsequent five packages comprise 6-8 schools each.  For the first package, lands have already been identified and made available and are ready for the construction. Of the eight schools, four will be located in North of Doha at Umm Slal and the remaining four in the South of Doha at Wakra/Wukair areas. All schools should be developed simultaneously     Source: Gulf Times (Dated: 30/04/2020) 



Subscribe

Subscribe to our e-mail newsletter to receive updates.