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The Transfer of immoveable Property Restriction Act (1987) (amended in 2005)

This Law, consisting of five Chapters, regulates the requirements to transfer the land ownership of any immoveable property. It specifies terms and conditions to deal with land, benefits from the land, building and things constructed or situated on that land and things installed on those buildings. It establishes land property restrictions, registration, offences and penalties.

Section 3 of TIPRA: No person shall sell, buy, give away, pawn, exchange or transfer by any means immovable property with a foreigner or foreigner owned company.
Section 4 of TIPRA: No foreigner or foreign owned company shall acquire immovable property by way of purchase, gift, pawn, exchange or transfer.
Section 5 of TIPRA: 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.