Thread: interest rates?
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Old 05-10-2004, 14:31
LivinLOS's Avatar
LivinLOS LivinLOS is offline
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Theres lots of ways it can be possible.. Corporate ownership is one but has high running costs.. My favorite and reccomended solution is the 30 year lease with 1st purchase option at fixed price.. So year 29 and 11 months IF the law still says foriegners cant own land you still buy it for a token payment. If at any time proir to that the law says an Alien can own land you buy it.. Either way your good to go.

You can in fact have 3 x 30 year leases set up but the land office will only certify the first 30 year lease. As no one has ever got to the end of a 30 year lease and had the paper owner attempt to contest the second or 3rd leases yet it is still not proven in a court what would happen. There is a lot of evidence to suggest that as you would own the property / building (as distinct from the land itself) outright and have a solid claim to the land underneat that it would hold anyway. Would depend on the mood of the gov at that time perhaps. Couple this with the 29 year buyout insurance and the land is yours.
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