explain about lease a guesthouse

Post new topic

blazerk5 Member

Member since 04 July 2013

blazerk5Member07 July 2013 12:33:07

hello, can anyone explain me how the leaseplan works in cambodia.
example

a guesthouse with a price of 60000 dollar, i pay the 60000 dollar,im the owner of the guesthouse and the ground? but why i must pay lease money because i buy the guesthouse in one time.
can somebody give me some information about leasing

mjck945 Guest

mjck945Guest13 July 2013 11:07:33

214245

Your leaseplan as described聽聽is purely a rental of the property
You do not own the land nor the building聽 ; you are simply the business owner聽聽 nothing else聽聽聽You may or may not own the furniture
The lease is for x number of years聽 and can usually be renewed subject to the consent of the owner of the land
Monthly聽 rental you talk abount is to the land owner
The $60000聽 is to the previous business owner
Good聽 luck聽聽聽 It is not that hard聽聽just be careful with the deal

Michael Kean
Solina Realty Consulting

blazerk5 Member

Member since 04 July 2013

blazerk5Member13 July 2013 16:42:31

okay thanks. so i must buy the business and pay the monthle lease to the landlord for the ground.
so always buy a guesthouse with a good lease contract with many years.

but the prices for the guesthouse are too overpriced i think, because the owner made small money, not what he thought before buy the business and now want the earn his money back.

Articles to help you in your expat project in Cambodia

Tax in Cambodia
Cambodia's tax system is a self-declaration regime that categorises individuals as small, medium or large ...
Working in Phnom Penh
When it comes to expat living, Phnom Penh has it all. Thanks to an influx of foreign investment over the past ...
Living in Phnom Penh
Before going to anywhere in the world, people always try to find out about those places first. Likewise, before ...
Lifestyle in Cambodia
If you are about to settle in the Kingdom of Cambodia, you are probably wondering about its inhabitants' ...
Student life in Phnom Penh
Adjusting to life as a student can be difficult. Even more so if you are trying to do it in a new country, but ...
Opening a bank account in Cambodia
As a foreigner living in Cambodia, opening a bank account is relatively straightforward and can save you quite a ...
Developing your social circle in Phnom Penh
Moving to a city where you have no friends or family can be daunting. Thankfully, Phnom Penh has a large and very ...
Buying a property in Cambodia
If you're looking to buy a property in Cambodia 鈥� either for your personal use or as an investment ...