Previously, a land user who leases land from the Government with annual payment is not allowed to lease houses and building attached to the land unless such land user registers for real estate business under the Law on Real Estate Business 2014. The restriction has been removed by Decree 1/2017. Decree 1/2017 has, among others, clarified the issue of right to lease buildings attached to land with annual rental payment. In particular, Decree 1/2017 provides that a land user who leases land from the State and pays annual rental may lease their assets attached to the land piece if:

A land user who leases land from the Government with annual payment is not allowed to lease houses and building attached to the land unless such land user registers for real estate business under the Law on Real Estate Business 2014. At first, it seems quite illogical to limit the owner of an asset to lease it while still allow such asset to be sold. However, this is the position under the current land regulations. In particular,