Co-ownership building: The sample of certificate of ownership of private unit over the co-owned building and certificate of Perpetaul lease of the private unit.

1. Certificate of Ownership of a Private Unit in a Co-Owned Building

This certificate is issued to confirm ownership of an individual unit within a co-owned building (such as a condominium or strata-title property). It signifies that the holder has full ownership rights over their unit, while also sharing common ownership of the building’s common areas (hallways, elevators, parking, etc.).

  • Legal Basis: Typically based on Cambodia’s Law on Co-Owned Buildings.
  • Rights of the Owner: The owner can sell, transfer, lease, or mortgage the unit.
  • Obligations: The owner must comply with co-ownership regulations, including maintenance fees and rules set by the management committee.
  • Common Areas: Ownership does not extend to shared facilities, which are jointly owned by all unit owners.

2. Certificate of Perpetual Lease of a Private Unit

A Perpetual Lease is a long-term lease agreement that grants a lessee rights over a property for an indefinite period, subject to renewal conditions. This is commonly used in Cambodia when foreign individuals or entities lease property for long-term use.

  • Legal Basis: Usually based on Cambodia’s Civil Code and Land Law.
  • Lease Duration: Can be long-term (e.g., 50 years or more) and renewable.
  • Rights of the Lessee: The lessee has the right to use, sublease, or transfer their leasehold interest, but they do not own the land.
  • Obligations: The lessee must comply with lease terms, including rent payments and property maintenance.

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