Regulatory Alerts2018-01-01
Decision No. 1495 of 2018 Regarding Real Estate Financing Contract Templates for Units Supported by the Social Housing and Real Estate Financing Fund
The Financial Regulatory Authority (FRA) issued Decision No. 1495 of 2018 to mandate the use of standardized real estate financing contract templates for residential units supported by the Social Housing and Real Estate Financing Fund. The decision establishes legally binding agreements between sellers, investors, and financiers that detail property specifications, pricing structures, installment schedules, and maintenance deposit obligations while transferring installment rights to financiers. It further outlines the respective rights and obligations of all parties, including investor restrictions on unit disposal without consent, financier disclosure duties, and compliance with Egyptian real estate financing and social housing laws.
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