Buying Land in the Province

Provincial living: homesteading, farming, gardening, self-efficiency and animal husbandry.
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StroppyChops
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Re: Buying Land in the Province

Postby StroppyChops » Sat May 31, 2014 9:57 pm

Had pork ribs in the place on the corner across from Murray's tonight - the chopped up variety, not the Flintstones variety - and they were excellent. No more than $5 for the plate.
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Hugh Briss
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Re: Buying Land in the Province

Postby Hugh Briss » Tue Jun 03, 2014 10:27 pm

GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
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OrangeDragon
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Re: Buying Land in the Province

Postby OrangeDragon » Wed Jun 04, 2014 7:40 am

Hugh Briss wrote:
GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
Yes.

On the original subject, spoke with the family over the weekend and our land our houses are on, about 1/2 ha, cost $300. That means $0.06 per square meter. Soft title.

When it comes to land in the provinces, let a khmer do the negotiating... lol.
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Hugh Briss
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Re: Buying Land in the Province

Postby Hugh Briss » Wed Jun 04, 2014 3:05 pm

Thanks OD, so I guess we'll hash out the nominee agreement ownership swap after the original title stuff gets settled.
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Hugh Briss
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Re: Buying Land in the Province

Postby Hugh Briss » Sun Jun 08, 2014 9:47 am

frank lee bent wrote:I recently spoke to the guys at Sciarroni associates.
You can use a nominee to buy land with a prearranged lease back to you.
Other people advised:
A mortgage can also be issued over the title for further security.
Not very expensive.
Check your PM broham.
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Re: Buying Land in the Province

Postby diesel » Mon Jun 23, 2014 7:35 pm

best option is ask a lawyer, because you must always et up a contract in khmer, so the only way is to go to a lawyer and tell him what you want. Tan you know for sure it is the right information. A LOT OFF TRAPS.
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Re: Buying Land in the Province

Postby Bad Mongo » Wed Jul 16, 2014 3:22 pm

OrangeDragon wrote:
Hugh Briss wrote:
GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
Yes.
This is not my experience. You can form a limited company with a Cambodian citizen, and as a foreigner you can own 49 % of this company (the company must have a minimum of 51 % Cambodian shareholding). This will give you a 49 % ownership to a property bought in the name of the company.

The other option is to buy the property in the name of a Cambodian citizen. If this person is your wife and you trust her, good for you. If not, you can enter a long-term rental agreement with the person in question. Or you can transfer the rights of ownership back to you by a personal agreement with the Cambodian citizen. The Cambodian citizen will still have 100 % ownership to the property as far as the Cambodian government is concerned. In both cases you should retain possession of the title deed. Selling the property is impossible without it (at least with hard title).

http://cambodiapropertyfinder.wordpress ... -cambodia/" onclick="window.open(this.href);return false;
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frank lee bent
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Re: Buying Land in the Province

Postby frank lee bent » Wed Jul 16, 2014 4:24 pm

yes, and you can further lock it in with a mortgage over the property as well as the lease.


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