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
Explain about lease a guesthouse
blazerk5
07 July 2013 14:33:07
20
mjck945
13 July 2013 13:07:33
0
Your leaseplan as described is purely a rental of the property
You do not own the land nor the building ; you are simply the business owner nothing else You may or may not own the furniture
The lease is for x number of years and can usually be renewed subject to the consent of the owner of the land
Monthly rental you talk abount is to the land owner
The $60000 is to the previous business owner
Good luck It is not that hard just be careful with the deal
Michael Kean
Solina Realty Consulting
blazerk5
13 July 2013 18:42:31
20
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.
Subscribe to this topic
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 ...
Lifestyle in Cambodia
If you are about to settle in the Kingdom of Cambodia, you are probably wondering about its inhabitants' ...
Traveling to Cambodia with your pet
If you have a furchild that you like to take everywhere with you, you'll be pleased to know its possible ...
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 ...
Popular neighbourhoods in Phnom Penh
As a new expat in Phnom Penh, you are going to need to know the best neighbourhoods to live in for your budget ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"