Ownership & Rights
Real Estate Pledge
Short Definition
Giving property as loan guarantee, pledger retains ownership but pledgee has right to execute upon non-payment, officially registered.
In Other Languages
Arabic
الرهن العقاري
إعطاء العقار كضمان لقرض، الراهن يحتفظ بالملكية لكن المرتهن له حق التنفيذ عند عدم السداد، يُسجَّل رسمياً.
English
Real Estate Pledge
Giving property as loan guarantee, pledger retains ownership but pledgee has right to execute upon non-payment, officially registered.
Turkish
Emlak Rehni
Mülkü kredi teminatı olarak verme; rehin veren mülkiyeti korur ama rehinli ödememe durumunda icra hakkına sahip, resmi olarak kayıtlıdır.
Related Terms
Real Estate Mortgage
A real security recorded over a property to guarantee a debt, governed by the Registered Real Estate Mortgage Law under Saudi Central Bank supervision, and recorded with the competent body to be enforceable against third parties.
Lien
Right on property to guarantee debt, remains with property until payment, limiting disposition freedom, registered in real estate registry.