578
Housing, Land and Property Rights in Burma: The Current Legal Framework
5. No person shall grant a lease of immovable property, for a term exceeding one year:
(a) To a foreigner or foreigner owned company.
(b) No foreigner or foreigner owned company shall receive a lease of immovable property,
for a term exceeding one year.
6. Whenever a foreigner dies or departs totally to a foreign country or is deported, the
relevant Ministry shall scrutinize each case with the relevant procedures and, as regards any
relevant immovable property owned by the foreigner, either:
(a) Allow inheritance according to the law.
(b) Conscate the immovable property as state-owned property.
7. If the inheritance is allowed according to Section 6 subsection (a), the heir who will
inherit the immoveable property should be in accordance with any Court decision made
under th Inheritance Act or agreement between the inheritors.
CHAPTER 3
REGISTRATION
8. A foreigner or foreigner owned company must register any immoveable property and the
location of such immoveable property in the state concerned to the respective Township
People Council according to the relevant procedure.
9. Prior to the enactment of this law, any foreigner who is staying abroad or a foreigner
owned company must register their immoveable property and the location of such to the
respective Township People Council according to the relevant procedure through their
agent.
10. Executive members of Township People Council must inquire and investigate any
concealment of registration mentioned under Section 8 and 9, according to the relevant
procedure.
CHAPTER 4
PENALTIES
11. Whoever contravenes the provisions of section 3 or 4 shall be sentenced to a minimum
of three years and a maximum of ve years imprisonment and the relevant immovable
property shall be conscated as public property.
12. Whoever contravenes the provisions of section 5 shall be punished with a ne not
exceeding three times the rent agreed upon for the entire period of the lease and the relevant
immovable property shall be conscated as public property.