Real estate laws in Mozambique are governed by several legal frameworks, regulations and institutions (Law no 19/97). The only eastern #african #lusophone country is a great investment niche as shown in the chart above, thanks to #knightfrank, despite sporadic terrorist attacks since 2017. Here are some key aspects of real estate laws in Mozambique:
- The Law: #mozambique 's Land Law establishes the legal framework for land ownership, tenure, and land-use rights. It recognizes various forms of land tenure, including state-owned land, community land, and private land.
- The Rights: Individuals and legal entities can acquire land use certificate (DUATS) which gives them the right to use and exploit land for a period of 50 years, renewable upon request. However, it's important to note that all land in Mozambique is ultimately owned by the state.
- Registration: #land #registration system in #mozambique aims to provide secure and transparent property transactions. Registration is not compulsory, but is a necessary step to ensure the right over the land. The National Directorate of Land and Property (Dire??o Nacional de Terras e Propriedades - DNPIT) oversees the land registration process.
- Foreign Ownership: #foreigners can own land and other real estate properties in Mozambique, subject to certain conditions such as an #investmentopportunities project and a threshold ceiling for square meters allowed.
- Leases and Tenancy: The laws related to leases and tenancy agreements are outlined in the Civil Code of Mozambique. It covers provisions regarding lease duration, rent payment, maintenance responsibilities, and tenant rights. It's recommended to have a written agreement to protect the interests of both landlords and tenants.
Real estate development in Mozambique is regulated by laws and regulations that govern construction, zoning, and building standards. Local municipalities have the authority to issue building permits and enforce compliance with building codes and regulations.
It's important to note that laws and regulations can change over time, so it's advisable to consult with Plapa or local authority for the most up-to-date information on real estate #laws in #mozambique.
