In the Kingdom, traditionally there are three major classifications of land title which are utilized throughout the country. The ownership titles are namely, hard title, soft title, and strata title (enabling for foreign ownership within condominiums- subject to certain conditions). Each title confers different rights and securities. Now there is another land title, known as an LMAP title available and can be classified as a form of issuance of land title for property purchasers and owners.
In order for you to understand the relatively new concept of the LMAP title, this week in part 1 we explore what an LMAP title actually is, the benefits and will begin to explore how these will apply to you, thanks to Realestate.com.kh
What is an LMAP title?
A titling system, called LMAP (Land Management and Administration Project), is a certificate of land title. It is a project that was first introduced in Cambodia in 2002 by the World Bank after government approval, with the goals of improving land tenure security through registration and issuing titles- particularly for vulnerable property owners. The Ministry of Land Management Urban Planning and Construction (MLMUPC) is the implementing agency in the Kingdom for this process.
What are the benefits of an LMAP title?
LMAP is the strongest, safest and most updated type of land title- due to the face that GPS coordinates are in the process of being registered for all land plots in the country.
Prior to the LMAP title establishment, the MLMUPC had a major need for dispute resolution processes for land titling, due to lack of clarity regarding the boundaries and other contentious areas of land ownership. Ultimately the goal of the MLMUPC is to establish a land administration system which is both efficient and honest.
For landowners who now possess an LMAP title, this means their plot of land has been clearly measured by the relevant cadastral officials, the borders of their land are agreed upon and thumbprinting has taken place- which adds a layer of security to property ownership.
The LMAP title can effectively give the property owner certainty regarding all aspects of their property and is a tool for preventing conflicts such as boundary dispute and between property owners in the future. Further to this, LMAP is a 100% legal title for hard title owners to obtain.
Look out for part 2 next week where we take a step by step breakdown on how to apply for LMAP title, relevant fees, and answers to answer some key questions on the LMAP titling process.