explain about lease a guesthouse

Last activity 13 July 2013 by blazerk5

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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

mjck945Guest13 July 2013 11:07:33

214245

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

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.

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