Ministry of Land & Ministry of Interior increase responsibility of commune administration of the land registration
Ministry of Land & Ministry of Interior increase responsibility of commune administration of the land registration
The Ministry of Land Management, Urban Planning and Construction and the Ministry of Interior announced a change in practice to the roles and responsibilities of the commune administration of land registration.
The amendment of Article 9, issued on 9th September 2005, declared that the chief of commune administration of land registration is responsible to authenticate and sign documents such as the letter of sale, exclusive sale letter, exclusive gift, collateral contract to guarantee mortgages, long term lease contracts, and easement contracts; given the consent of the parties involved.
The chief (commune/sangkat) is given responsibility for the identification of immovable property subject of the letter of the contract and the identity of the parties of the contract.
This increases the power of the commune authorities to handle tasks related to property transactions, once the sole responsibility of the Ministry.
Checkout more info about real estate news on Realestae.com.kh!
The post Ministry of Land & Ministry of Interior increase responsibility of commune administration of the land registration appeared first on Real Estate Cambodia KH.
Source: News – Real Estate Cambodia