What is legal framework on Land

There are three different types of land tenure to find in that law

  1) Ownership of land:

This type of tenure means “to be in legitimate control of land” with the right to sell, rent or lease this land.” According to the law, land excluding pastureland, land for common tenure and land for special government use, can only be owned by Mongolian citizens. The land ownership determined by this law only refers to the privatisation and buying of new land with or without structures. An unclear way of proceeding still exists concerning the communal space within and around apartment buildings. By the privatisation of apartment buildings the owners only obtained ownership on the basis of divided ownership. Whereas nowadays, people who buy a newly built apartment might obtain proportional ownership for the communal space. 2) Possession of land:

Only Mongolian “citizens, companies, organizations and companies with foreign investment are allowed to possess land”. The possession of land is given by a license for the duration of 15 up to 60 years. After expiration it may be extended for another 40 years. 3) Leasing of land:

A license for land use can be obtained by foreign countries, international organizations, foreign legal entities and foreign citizens. The duration of a land use license is up to five years and may be extended for five years at a time. Using land, for the sake of completeness means “to undertake a legitimate and concrete activity to make use of some of the land’s characteristics in accordance with contracts made with the owners and possessors of land” 

12-06-2008 10:29 Sakura Property

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