by Guest9999 » Fri May 03, 2024 2:09 am
I know someone wanting to sell a chunk of land and the buildings on them. Buildings need work and situation is complex, but, partly because they have a very strong desire to sell, I'm really quite interested in buying. (Any purchase will be in my Khmer wife's name and because we were married outside Cambodia, my name won't be on any documents and she'll be recorded as "single". Crazy, yes, but I'm ok with it.)
And the complex bit. Perhaps sit down if you're standing.
The land chunk, all fenced in as if one piece since 2009, is 2 larger adjacent titles and a smaller 3rd title on the other side of a 4m laneway, one that currently only exits on paper. Added to the back corner of the smaller title is roughly 100m2 on a currently non-existent 20m wide government road. The road and laneway were part of an old French colonial planning document, and though they still exist on photo-copies of the property titles I've been shown, the road was perhaps never built. A few dozen old and new building exist on the road right-of-way, including a large Military Police Headquarters, and a 30 year-old Government Nursery School. I realize I can't buy (or sell) title to this untitled land, and one day I could lose the use of it, but if they ever did decide to build the French map road and slice off that back corner, the property will front two large streets and would likely increase in value, not decrease.
The given copied titles have small maps of adjacent title numbers, and I've used the numbers to look up title sizes, owners and etc, but I can't see the maps on those other titles. The French map road was drawn diagonally across a small regular grid of streets perhaps a hundred years ago. Its entry and exit point on each block as the grid expanded over the last century isn't clear on the ground, or on Google Earth. I'd really like to see exactly where the unbuilt road runs, reasoning that the more rich and important people who have assumed use of the untitled land, the less likely it is that I'll be surprised in the immediate future.
I'm sure no one will read this far, but, glutton for punishment, I'll continue.
All 3 titles are in a bank as loan collateral, and when the land owner told the bank I was interested, while asking for title photocopies, the bank quietly reached out to my brother-in-law who had been negotiating on my behalf, to suggest the bank would be very happy about a purchase. They wouldn't say more without owner consent.
With owner consent, I really need tight bank coordination to make this happen. As I understand it, owner, bank, and buyer need to ask both Land Office and Sangkat to declare all 3 tiles "free and clear", even though bank will continue to control (hold?) them until the loan has been fully paid back. It needs tight coordination because I'm inclined to buy 2 first and the 3rd a bit later when I have the cash, rather than getting a loan and buying all 3 at once. The owner is a retired Customs Chief, so I'm sure things will be fine. Agreed?
I know someone wanting to sell a chunk of land and the buildings on them. Buildings need work and situation is complex, but, partly because they have a very strong desire to sell, I'm really quite interested in buying. (Any purchase will be in my Khmer wife's name and because we were married outside Cambodia, my name won't be on any documents and she'll be recorded as "single". Crazy, yes, but I'm ok with it.)
And the complex bit. Perhaps sit down if you're standing.
The land chunk, all fenced in as if one piece since 2009, is 2 larger adjacent titles and a smaller 3rd title on the other side of a 4m laneway, one that currently only exits on paper. Added to the back corner of the smaller title is roughly 100m2 on a currently non-existent 20m wide government road. The road and laneway were part of an old French colonial planning document, and though they still exist on photo-copies of the property titles I've been shown, the road was perhaps never built. A few dozen old and new building exist on the road right-of-way, including a large Military Police Headquarters, and a 30 year-old Government Nursery School. I realize I can't buy (or sell) title to this untitled land, and one day I could lose the use of it, but if they ever did decide to build the French map road and slice off that back corner, the property will front two large streets and would likely increase in value, not decrease.
The given copied titles have small maps of adjacent title numbers, and I've used the numbers to look up title sizes, owners and etc, but I can't see the maps on those other titles. The French map road was drawn diagonally across a small regular grid of streets perhaps a hundred years ago. Its entry and exit point on each block as the grid expanded over the last century isn't clear on the ground, or on Google Earth. I'd really like to see exactly where the unbuilt road runs, reasoning that the more rich and important people who have assumed use of the untitled land, the less likely it is that I'll be surprised in the immediate future.
I'm sure no one will read this far, but, glutton for punishment, I'll continue.
All 3 titles are in a bank as loan collateral, and when the land owner told the bank I was interested, while asking for title photocopies, the bank quietly reached out to my brother-in-law who had been negotiating on my behalf, to suggest the bank would be very happy about a purchase. They wouldn't say more without owner consent.
With owner consent, I really need tight bank coordination to make this happen. As I understand it, owner, bank, and buyer need to ask both Land Office and Sangkat to declare all 3 tiles "free and clear", even though bank will continue to control (hold?) them until the loan has been fully paid back. It needs tight coordination because I'm inclined to buy 2 first and the 3rd a bit later when I have the cash, rather than getting a loan and buying all 3 at once. The owner is a retired Customs Chief, so I'm sure things will be fine. Agreed?