So they may wish to purchase something such as land or a house so their wife or children may have it and they can use it. The point of owning it is for purposes of inheritance.People also may wish to purchase outright if they have the intention to sell it later, which is exactly why I bought instead of leasing as I am reselling it. 51% is in a Lao persons name however I have made the contract so my 49% although I am the minority share, I represent the controlling interest. So I am able to sell, lease, give it away or whatever else I want to do with it just as if it was 100% my own land.
The 51% on the title for a Lao national is merely a place holder assuming you word the contract right.
For single people with no Lao family members, no permanent interest and wishing to avoid the added cost of buying, a lease may be more appropriate. This is why I am offering land for SALE or LEASE.
Aside from that I will be interested to see what happens with ASEAN. If that will allow other national from ASEAN communities to purchase land with no need for a Lao national, you will see one of the biggest land booms in recent years over here.
My advice to you is that if you do not understand these things, please go get competent legal assistance to help you with any purchases you are considering. I am guessing you do understand that land in Cambodia works much the same way although is a bit riskier right?
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Are you sure about this? from what i have read, it only applies to free movement and being able to work, NOT OWN land, cant see the Thai's allowing rich Khmers over to buy their landAside from that I will be interested to see what happens with ASEAN. If that will allow other national from ASEAN communities to purchase land with no need for a Lao national, you will see one of the biggest land booms in recent years over here.
Hell, they might buy up all the land near Preah Vihear>
As to 49-51% same as here in Thailand.,My land is owned by a thai friend outright but the house was built with all permits done in my name.
Plus i have a 30 year lease and a contract ( signed, notarized and on file at the land office) that my name needs be on the paper if it is to be sold.
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