MEF’s announcement to buyer of real properties
On May 03 2019, the Ministry of Economy and Finance (“MEF”) has issued an announcement on essential information of land lot and residence sale-purchase with an aim to facilitate the public to easily purchase the properties (land lot and residence) without an eventual risk before making any decision.
The essential information for the purchaser to get to know before making any decision on land lot and residence purchase is as below:
For Purchasing the Land Lot
- Landowner’s name in certificate of title (whether it is belong to land lot project developer or others);
- Certificate of title (whether there is any encumbrance or not);
- Land lot development permit issued by authorities or competency units (as stated in Prakas No. 087 ដ.ន.ស ប្រក/នឹក dated 11 May 2018 in relation with Land Development of Ministry of Land Management, Urban Planning, and Construction (“MLMUPC”);
- Property tax payment documents;
- Land plot splitting certificate; and
- Details of sale purchase agreement.
For Purchasing the Residence
- Construction permit (issued by MLMUPC or Municipal-Provincial Hall);
- Certificate of title (whether there is any encumbrance or not);
- Residence development license (issued by MEF);
- Property tax payment documents;
- Land plot splitting certificate; and
- Details of sale purchase agreement
Should you need any advice and/or clarification on this matter, please do not hesitate to contact to sokeng.son@sithisak-lawoffice.com.