Legal

Terms of Use

Plain rules for a record of agreed ownership — not a registry, a market or a bank.

Version 1.0

Effective 2026-10-24

Draft — pending review by qualified Saudi counsel

This wording was drafted from the laws cited in the Al Mikial Law Firm assessment (15 October 2026). It becomes binding only once counsel has reviewed it and the operator details are completed.

At a glance

A record of agreed ownership

Tamreer keeps what co-owners agree. It is software, not a registry.

The register prevails

Deed, Real Estate Registry or company register wins on any difference.

No funds held

Money moves through the owners' bank or a licensed provider — never through Tamreer.

No price set

Attributable value is for information; owners agree any price themselves.

No title transferred

Completion is recorded only after the official registry confirms it.

Clear complaints path

Acknowledged within 2 business days, answered within 15.

Tamreer record

Who the owners agree holds what, their decisions, valuations and distributions.

mirrors agreed ownershipprevails and confirms completion

Official register

Title deed · Real Estate Registry · inheritance deed · company register.

Tamreer records what owners agree; official registers remain the source of title.

Full text

Legal references

As cited in the RBVA report; article-level checks are part of counsel review.

Civil Transactions Law — Royal Decree M/191 (29/11/1444H): co-ownership, majority decisions, three-quarters majority for material changes, pre-emption, partition.
Real Estate Registration Law — Royal Decree M/91 (19/9/1443H): the Real Estate Registry and deed as the controlling record.
Companies Law — Royal Decree M/132 (1/12/1443H): share and quota registers and transfers.
Law of Payments and Payment Services — Royal Decree M/26 (22/3/1443H): no payment services without a SAMA licence.
Real Estate Brokerage Law — Royal Decree M/130 (30/11/1443H): intermediation for a commission is licensed brokerage.
E-Commerce Law — Royal Decree M/126 (7/11/1440H): consumer protections for individual users.
Law of Legal Practice — Royal Decree M/38 (28/7/1422H) and the Rules of Professional Conduct for Lawyers: fees agreed directly between lawyer and client.
Accredited Valuers Law and Taqeem rules: licensing and independence of valuers.
Personal Data Protection Law — Royal Decree M/19 (9/2/1443H), as amended: see the Privacy Notice.

At a glance

Full text

1Who we are and what Tamreer doesA record-keeping and governance service for assets people already own together.

2Record, not title — the register prevailsEntries on Tamreer do not create, transfer or extinguish any right.

3What Tamreer does not doNo payments, no pricing, no brokerage, no securities business, no legal advice.

4Eligibility and accountsAdults with legal capacity, accurate legal names, one person per account.

5Roles: owners, managers, valuers and the administratorEach role acts for itself; the manager acts only under a written mandate from the owners.

6Governance recordsVotes are weighted by recorded share under the thresholds the law and the charter set.

7Transfer proposals and recorded transfersProposal to a named co-owner → acceptance or refusal → transfer before the registry → manager records it.

8Distributions and statementsManagers record what was declared and paid; statements are records, not balances.

9FeesFixed platform fees only, disclosed in advance, plus VAT; never a share of any value moved.

10Your dataPersonal data is processed under the Personal Data Protection Law as described in the Privacy Notice.

11Acceptable useAccurate entries, lawful use, no circumvention of access controls.

12Audit record, retention and availabilityA hash-chained audit record; records kept for all co-owners; reasonable availability.

13LiabilityWe answer for our service; not for information entered by users or acts of registries.

14Changes and acceptanceVersioned terms; material changes require fresh acceptance.

15Governing law, complaints and disputesLaws of Saudi Arabia; complaints first through our channel; competent Saudi courts.

Legal references