The form of time off to build city condominium or apartment building in the country (end)

In the past two weeks some readers are informed, and the procedure of law built apartment buildings or condominiums as explained by lawyer Khan glory Vuthy, who currently is a member of the Bar Association of the Kingdom of Cambodia and the arbitrators Trade Centre The National Center of commercial arbitration "...

But because the content of the interview is not yet finalized, we are about to build a city apartment building or condominium In the Kingdom of Cambodia, adding that also comes with their understanding of trading following meaning :

- Question 13: real estate development projects, some rented land development, two long-term economic, such as 99 buyers get ownership apartment or condominium buildings, how?

By law, any construction which private investors have built on state land in accordance with any contract be awarded to state set forth in the contract.

Individual real estate developers or project owners are obliged to show customers the information, ground, own land or long-term lease of land from private or state within a matter of clarity. Customers will know about the ownership of the house or condominium buildings, in case he decided to buy.

Therefore, customers buy a house, get a property owned objects only a defined term lease in the lease contract ownership can not get beyond that.

Question 14: Some people buy apartment buildings in the city or condominiums and some payments to individuals, property developers that stuff already, and construction projects not moving forward at all, and later heard that the owner of the project has run going away customers do to get money back or demand compensation damages?

In such cases, customers should consult with a lawyer to find a solution on the issue whether to appeal to the courts or authorities with enforcement to save the owner's property development projects, to ensure debt repayment. Also should be noted that for the individual real estate development license Real Estate Development from the Ministry of Economy and financial The company must have a deposit guarantee deposit is 2% (two percent) of the total investment projects or project phases to ensure protection benefit to its clients.

Currently, there are some individual real estate developers do not have a licensed real estate development from the Ministry so that these companies do not have bail set in Ministry This is a risk for people or customers who want to buy houses from those companies. Citizens or customers were carefully before you decide to buy a house condominium buildings in the city, or no legal right or license them.

Question 15: seen many commercial Spot attracted public media about the sale of a house or condominium building with infrastructure, parks relaxed and practical plan that has a valid permit from the government or the competent authorities, which do not have such what they preach, company property development that kind of responsibility?

Or post advertisements to sell or lease made by an individual property development must provide some information to the working group Inter before posting or advertising its sale or lease. Inter-ministerial working group has the right to allow or not allow commercial or advertising opportunities to sell or lease, with or without conditions, or refuse to allow once completely if the inter-ministerial working group perception that every post or selling or renting commercial broadcast or fraud leads to understanding confused.

For individual development objects that do not yet have a construction permit and the construction letter from the Ministry of Land Management, Urban Planning and Construction Municipal school and have not yet received the license real estate development of the inter-ministerial working group individual property development these objects has not been announced sell or lease commercial or public collection method, including the installment payments from customers. In case of checking to see that the real estate development company that made the media is different from reality, which led to the mistaken or advertising false be fine.

Question 16: In case there is a private project being government ordered the demolition of buildings in a private development project How do people who buy buildings already have a kind of compensation and who is responsible?

Those who want to buy a house building construction project in any development must be carefully otherwise involves legal considerations properly legal claims really hard. By law, if you buy a house from someone who the victim is required from the individual. But the state is obliged to ensure and protect benefit the public interest.