Condominium Act
共管公寓法令
ດຳລັດວ່າດ້ວຍ ຄອນໂດມີນຽມ
Summary
This regulation governs the construction, operation, and management of condominiums in Laos, with core content defining types of condominiums, clarifying management principles, regulating operating license procedures, and protecting owners' rights.
Articles
Article ມາດຕາ 1
Article 2 Condominium
Condominium means a multi-story building with multiple units, including various amenities, which is permitted to be constructed by the state through the form of land registration as a legal entity for the purpose of building a condominium, whereby the units can be sold or transferred as ownership to individuals, legal entities, and organizations, both domestic and foreign.
Article ມາດຕາ 2
Article 2 Interpretation of Terms
The terms used in this Decree have the following meanings:
1. "Condominium regulations" means the management regulations of the condominium established by the condominium legal entity;
2. "Condominium legal entity" means a person authorized to operate the condominium business;
3. "Unit" means the rooms in the condominium which can be owned by individuals, legal entities, and organizations both domestic and foreign;
4. "Apartment building" means a multi-story, multi-room building where each room in the apartment building cannot transfer ownership to individuals, legal entities, or organizations, whether domestic or foreign.
Article ມາດຕາ 3
Article 4 State Policy on Condominium Work
The State promotes all economic and social sectors to contribute to the construction of condominiums in order to reduce the use of vast land areas by formulating policies, regulations, and creating favorable conditions for condominium work.
The State protects the rights and legitimate interests of unit owners in condominiums.
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