I have a serious question for anyone experienced in this area. I'm thinking about taking out a long-term lease on a piece of land in the Philippines and building a house on it. But I'm wondering how you would sell a house that's built on leased land. Please, no pointless comments. Thank you!
A house built on leased land belongs to the landowner, so it's hard to sell, and many people advise renting a place to live in rather than building one. That said, some say houses on leased land get traded all the time in Subic, and others answer that if it's a transferable 50-year lease, you can effectively sell it by handing over the remaining lease term.
Just load the house onto a pickup truck and haul it off the land... it's leased land anyway.
On paper, you can probably work out an agreement that's fine for both sides. The problem is that people and relationships change, and any agreement is only as trustworthy as the people who signed the contract.
If you build on leased land, the house or whatever structure you build becomes the landowner's.
Every house in Subic Bay is on leased land. They sell all the time.
Thanks for the opinions and advice. So you're saying that without the landowner's approval you basically can't sell. That doesn't seem like an option for me.
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