This process usually ensues the issual of a Negotiator Certificate and acquiring a Survey Plan.
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Once a Negotiator Certificate is acquired, 4 copies of the proposed lease's Survey Plan should be acquired as well.
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A private Consultant can be hired or a Lands Department officer can be consulted, to prepare your lease's documents.
Fees: 56,250VT |
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Lease documents are returned to the Lands Department for collection and further processing.
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The lease document is checked by State Law Officers and then forwarded for ministerial approval.
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The lease is processed through the Land Department's checklists and, if it is found to be in order, it is lodged at the State Law Office for further checking.
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The lease is Lodged at the Financial Service Commission for stamping
Fees: 1) Premium x 2% 2) Rent x Lease Term x 2% |
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Lease is lodged for Registration at the Land Registry.
Fees: 1) Premium x 5% 2) Rent x Lease Term x 5% |
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Once the lease has passed through all the necessary channels and is signed by the Principal Registry Officer, the lease is finalized and its documents are ready for collection.
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