Oman Decision No. 20/2016 On the Determination of the Fees of Registration of the Lease Contracts

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Pursuant to the perusal of Oman Sultani Decree No. 6/89 on the Regulation of the Relationship between Landlords and Tenants of Residential, Industrial and Commercial Premises and Registration of Lease Contracts related thereto; and

Muscat Municipality Law issued by virtue of Oman Sultani Decree No. 38/2015; and

Based on the approval of the Ministry of Finance by virtue of its Letter no. Finance - ت (84270)/م.ت.د/6/2/307 dated 26/3/1437, corresponding to 7/1/2016; and

Based on the public interest requirements,

The following Decision was issued:

Article 1

The lessor of any real estate or part thereof or the lessee, if it is agreed that the latter shall be in charge of registration, shall undertake to pay fees equal to (5%) of the total value of the contract according to the term specified therein.

Article 2

Every provision that is inconsistent with the present Decision or that contradicts the provisions thereof shall be abrogated.

Article 3

The present Decision shall be published in the Official Gazette and shall come into force as of 1/2/2016.