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Friday
Dec262008

Jordan Property Ownership

Most of the property in Jordan is owned by private owners is leased on long-term leases. Reforms to the current property law are in process to control the relationships between the owner and the tenant.
Recently, use of brokers, who are not professional, for real estate sales have been utilized, with commissions agreed between parties for each transaction. Professional real estate agencies are still not available in Jordan. Most real estate business is undertaken because of personal efforts and contacts. No license is required for brokerage work, as well as appraisal/valuation work.

The regulatory body to control the real estate market, “The Land & Property Department,” is still not very active.

Ownership of real property is evidence by title deeds. Real property records are kept manually and administered by designated notaries public who also register ownership and record transfer of real property and real property mortgages.

Friday
Dec262008

Jordan Transaction Information

Most of the property in Jordan is owned by private owners is leased on long-term leases. Reforms to the current property law are in process to control the relationships between the owner and the tenant.
Recently, use of brokers, who are not professional, for real estate sales have been utilized, with commissions agreed between parties for each transaction. Professional real estate agencies are still not available in Jordan. Most real estate business is undertaken because of personal efforts and contacts. No license is required for brokerage work, as well as appraisal/valuation work.

The regulatory body to control the real estate market, “The Land & Property Department,” is still not very active.

Ownership of real property is evidence by title deeds. Real property records are kept manually and administered by designated notaries public who also register ownership and record transfer of real property and real property mortgages.

Friday
Dec262008

Jordan Real Estate Info Summary

Most of the property in Jordan is owned by private owners is leased on long-term leases. Reforms to the current property law are in process to control the relationships between the owner and the tenant.
Recently, use of brokers, who are not professional, for real estate sales have been utilized, with commissions agreed between parties for each transaction. Professional real estate agencies are still not available in Jordan. Most real estate business is undertaken because of personal efforts and contacts. No license is required for brokerage work, as well as appraisal/valuation work.

The regulatory body to control the real estate market, “The Land & Property Department,” is still not very active.

Ownership of real property is evidence by title deeds. Real property records are kept manually and administered by designated notaries public who also register ownership and record transfer of real property and real property mortgages.


Land Use & Control:

Land description is usually given under the metric system. All real estate contracts are covered by the law. Each contract must be registered at the court and the Land & Property Department to be effective

Friday
Dec262008

Jordan Mortgages & Financing

Ownership of real property is evidence by title deeds. Real property records are kept manually and administered by designated notaries public who also register ownership and record transfer of real property and real property mortgages.