Invest in Cambodia

Lease TermsThe lease agreement is written in Khmer and English if necessary. In case of dispute, the document written in Khmer will be considered as a reference. The signature(s) on the document in Khmer language must be the right thumbprint of the signatories.

To be valid, the lease agreement must:

• specify the address of the property.

• specify the name of the landlord and tenant.

• specify the duration of the lease.

• specify the dates for all payments (listed one by one).

• specify the amount of the deposit.

• include an inventory when renting a furnished property.

• have at least a copy in Khmer language.

• show the fingerprints (right thumb) of the landlord, the tenant, and also the fingerprints of a witness of the landlord and a witness of the tenant. Fingerprints here serve as signature.

In the event of an early departure of the tenant without prior specific clause in the lease agreement, the landlord has the right not to return the deposit to the tenant.

The owner has the obligation to return the deposit to the tenant the day of the termination of the lease agreement.

The tenant who is obliged to terminate his contract before the due date loses his deposit.

The owner cannot sell his house or rent it to a third party before the day of the termination of the lease agreement.

Payment delays or defaults can be valid reasons for terminating the contract.

It is simple to rent an apartment or a villa in Cambodia. Concerning the administration, contracts are simple and clear. You will not be asked for other financial guarantees than the security deposit.

The duration of contracts for apartments and villas for residential use varies on average from six months to three years, depending on contract.

AGENCY COMMISSION IN THE CASE OF THE LEASE OF RESIDENTIAL OR COMMERCIAL PROPERTY

The amount currently used is equal to half a month's rent for residential and one month for commercial premises , whatever the duration of the lease. These Agency fees are charged to the client.

NEGOTIATION WITH THE LANDLORDS

Unlike Western habits, the fact of renovating an apartment rented in a bad condition is never a supported point to get a rent reduction.
In any case, our agents will pay attention to your wishes and will focus their efforts to advise you in the best interest of both parties.

PURCHASE BUSINESS GOODWILL, A BUSINESS IN CAMBODIA

Some useful information: Ask for advice from our agents or a lawyer to help you. ROOFTOP offers its customers the opportunity to study the business affairs case by case with the support of Khmer lawyers entitled to appear before the court and can speak French perfectly (They studied in FRANCE). You will not be charged for this service. It will be supported by the agency.

Cambodian landlords are generally reluctant to sign long-term contracts for the properties such as shops, small restaurants or small hotels "guesthouses". Negotiations can take time and here again, any renovations planned by the future tenant will be very little use to ask for a reduction on the price given, however other arguments can be discussed in terms of the expectations of the owner and tenant. It is the job of the agency to focus its efforts to give full satisfaction to both parties.

Cambodian law does not require small and medium entrepreneurs to publish accounts of their activities. It is then normal in the eyes of Cambodian owners not to disclose accounting information.

Read more: Invest in Cambodia