Who is Rentic?
Rentic is a Saudi real estate technology company, striving to simplify the concept of leasing from a large and financially burdensome annual amount to monthly installments. This aims to assist tenants in managing their financial expenses in a more balanced manner.
A significant portion of lease agreements requires full annual payments or splitting them into two installments every six months, which can strain tenants’ budgets. Rentic addresses this by offering cost-effective solutions, breaking down the large sum into manageable amounts over 12 months. This helps alleviate tenants’ challenges with real estate agents and enables them to manage their expenses more effectively.
Rentic assists you in renting your residential unit and facilitates the installment of the rent amount from an annual sum into simplified payments over 12 months, in accordance with Islamic Sharia principles.
