Yes, the Rize platform is an authorized platform from the Real Estate General Authority, with permit number: 2100000884.
No, we do not provide cash financing. Rize pays the rent to the landlord and then re-rent the unit to the tenant through a sublease contract, with an annual contract and monthly payment.
Rize's service fees start from 15% and are determined based on several factors, such as the applicant's financial solvency and whether the payment to the landlord is a single payment or two payments.
Saudi or a resident
The applicant must be employed
The monthly income must be 5,000 Saudi Riyals or more
The rent amount must be proportionate to the monthly income
You must have at least 3 months of GOSI subscription.
All the contracts used are Ejar contracts, and therefore the executed contract is subject to the applicable regulations and laws of the standardized Ejar contract in accordance with the laws of the Kingdom of Saudi Arabia.
Yes, the tenant can terminate the contract in certain cases according to the terms specified in the contract.
The fees required when renewing the contract vary and depend on the company's policy.
The tenant can avail additional services such as periodic cleaning and maintenance under an additional agreement.
The tenant can avail additional services such as periodic cleaning and maintenance under an additional agreement.
Rize is a platform that facilitates the rental process through the “Rent Now, Pay Later” feature that provides flexibility to tenants and supports the growth of real estate technology in the Kingdom of Saudi Arabia.
Rize is a platform that facilitates the rental process through the “Rent Now, Pay Later” feature that provides flexibility to tenants and supports the growth of real estate technology in the Kingdom of Saudi Arabia.
