Buying in Sri Lanka
#33
Just Joined
Joined: Sep 2010
Posts: 1
Re: Buying in Sri Lanka
The buying process was very straightforward due to the incredibly helpful and efficient professionals who seemed to bypass the normal queues and systems in their efforts to help me achieve my aim.The legal owner of the property is the only one allowed to sell his property; in cases where a more than one person is considered the legal owners of the land each owner should agree to the sale. In most cases, an estate agency would ensure the ownership of the property even before the public offering. The deed of ownership must be checked by the lawyer in the Land Registry.
#37
Re: Buying in Sri Lanka
The buying process was very straightforward due to the incredibly helpful and efficient professionals who seemed to bypass the normal queues and systems in their efforts to help me achieve my aim.The legal owner of the property is the only one allowed to sell his property; in cases where a more than one person is considered the legal owners of the land each owner should agree to the sale. In most cases, an estate agency would ensure the ownership of the property even before the public offering. The deed of ownership must be checked by the lawyer in the Land Registry.
Hi SS John
Welcome to BE.
We welcome all posters onto this site, but there are a couple of phrases in your post which do give me some concerns, especially where this thread is discussing buying property in Sri Lanka. I prersume your post is referring to your own personal experience of buying a property in the said Sri Lanka?
First you state that the Professionals who seemed to bypass the normal queues and systems in their efforts to help me achieve my aim - Can you please explain how this was done?
Also the phrase "The legal owner of the property is the only one allowed to sell his property - please define 'legal owner'. Is this the person whose name appears on registered deeds? I ask this because from previous posts it appears that foreign buyers are being advised to put their property deeds in the name of a local, which means if the local person on the deeds is the 'legal owner' then the foreign buyer is on very dodgy ground.
Hope you will repost and expand upon these comments.
Again welcome to BE
Dread - detailed
x
#38
Forum Regular
Thread Starter
Joined: Feb 2007
Posts: 125
Re: Buying in Sri Lanka
Hi SS John
Welcome to BE.
We welcome all posters onto this site, but there are a couple of phrases in your post which do give me some concerns, especially where this thread is discussing buying property in Sri Lanka. I prersume your post is referring to your own personal experience of buying a property in the said Sri Lanka?
First you state that the Professionals who seemed to bypass the normal queues and systems in their efforts to help me achieve my aim - Can you please explain how this was done?
Also the phrase "The legal owner of the property is the only one allowed to sell his property - please define 'legal owner'. Is this the person whose name appears on registered deeds? I ask this because from previous posts it appears that foreign buyers are being advised to put their property deeds in the name of a local, which means if the local person on the deeds is the 'legal owner' then the foreign buyer is on very dodgy ground.
Hope you will repost and expand upon these comments.
Again welcome to BE
Dread - detailed
x
Welcome to BE.
We welcome all posters onto this site, but there are a couple of phrases in your post which do give me some concerns, especially where this thread is discussing buying property in Sri Lanka. I prersume your post is referring to your own personal experience of buying a property in the said Sri Lanka?
First you state that the Professionals who seemed to bypass the normal queues and systems in their efforts to help me achieve my aim - Can you please explain how this was done?
Also the phrase "The legal owner of the property is the only one allowed to sell his property - please define 'legal owner'. Is this the person whose name appears on registered deeds? I ask this because from previous posts it appears that foreign buyers are being advised to put their property deeds in the name of a local, which means if the local person on the deeds is the 'legal owner' then the foreign buyer is on very dodgy ground.
Hope you will repost and expand upon these comments.
Again welcome to BE
Dread - detailed
x
Maybe this is 100% a person who has bought in Sri lanka, if so please keep intouch, if not .......
#39
Re: Buying in Sri Lanka
I like your investigative style J5 and regarding Mikki too.My best friend bought a lease 25 years ago in Sri Lanka from a journalist mate of his.It was a detached bungalow in Ambalangoda. His friend subsequently died very soon after in New York.He enjoyed the property for 15 years then because of the war he decided to leave it to the servants, who were live in anyway.Two years ago the original owners sister arrived on the scene and claimed vacant possession of the place.Apparently if a foreign owner has not visited the property for five years, it can be reclaimed by the original owner or his heirs.When i was in Sri Lanka over Xmas, one of the jobs i did was see what was happening re The High Court in Galle.She had won the case and the family who had lived there for nearly 22 years, were back on the street.Despite the lease being a 20 year roll over indefinitely, she got it on the clause of vacant possession because the servants, being uneducated fishing folk,never re registered the place in their names.The moral of this story is only lease for 5 years because Sri Lankans are as greedy as Indians when it comes to property
#40
Re: Buying in Sri Lanka
Sri Lanka as from yesterday is effectively run by a dictator with unlimited powers to do anything.Ramprakasha (?) can now do anything he wants with the Chinese bankrolling him and India training his Storm Troopers, Sri Lanka is heading for a civil war again only this time it wont be the indigenous population against the Tamils , but a political struggle for democracy.He has gagged the press, murdered journalists and thrown opposition politicians into jail on trumped charges. The judiciary are a joke.I wouldnt pitch an old tent there now.I think Ramprakasha wants to transform Sri Lanka into something resembling Singapore.The hangman is going to be very busy soon.....
#41
Forum Regular
Thread Starter
Joined: Feb 2007
Posts: 125
Re: Buying in Sri Lanka
Sri Lanka as from yesterday is effectively run by a dictator with unlimited powers to do anything.Ramprakasha (?) can now do anything he wants with the Chinese bankrolling him and India training his Storm Troopers, Sri Lanka is heading for a civil war again only this time it wont be the indigenous population against the Tamils , but a political struggle for democracy.He has gagged the press, murdered journalists and thrown opposition politicians into jail on trumped charges. The judiciary are a joke.I wouldnt pitch an old tent there now.I think Ramprakasha wants to transform Sri Lanka into something resembling Singapore.The hangman is going to be very busy soon.....
#42
Re: Buying in Sri Lanka
Sri Lanka as from yesterday is effectively run by a dictator with unlimited powers to do anything.Ramprakasha (?) can now do anything he wants with the Chinese bankrolling him and India training his Storm Troopers, Sri Lanka is heading for a civil war again only this time it wont be the indigenous population against the Tamils , but a political struggle for democracy.He has gagged the press, murdered journalists and thrown opposition politicians into jail on trumped charges. The judiciary are a joke.I wouldnt pitch an old tent there now.I think Ramprakasha wants to transform Sri Lanka into something resembling Singapore.The hangman is going to be very busy soon.....
Good points here PJ.
Dread - let sense prevail
x