Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1696579152165.pdf (Vanuatu)
LAND TALK DEPARTMENT OF LANDS, SURVEY AND REGISTRY This factsheet provides information for people who wish to transfer their registered land lease title to another party.

L E A S E E X E C U T I O N S E C T I O N Lease Transfer What does lease transfer mean?

Lease transfer is the process whereby a lessee transfers their registered land lease to another party who becomes the new lessee.
It is important to note that the process of a lease transfer on custom land is different from a lease transfer on public land or disputed custom land where the Minister of Land acts on behalf of custom owners.

What are the steps to follow in the process of a lease transfer on custom land?

1.

Registered lessor(s) to complete and sign Consent document (LR Form 20).

2.

Valuation Unit assess up to 10% of the lessor’s benefit, payable by the Transferor.

3.
3.

Transfer document (LR Form11) is prepared by the Department of Lands or a registered agent such as a lawyer, real estate agents and land consultant.

Preparation fees apply.

Department of Lands fee is vt11,250.

4.


Transfer is signed by both parties in front of an authorised officer such as: o Authorised oﬃcers in the Department of Lands, Survey and Registry o The secretary to any local government council; o A magistrate; o The Registrar of the Supreme Court; o The Registrar and Receiver General; o Persons for the +me being registered as legal prac))oners; o Notaries Public; o Commissioners for Oaths; o Managers for the -me being of any bank or branch thereof.

5.
5.

Transfer document is lodged at Financial Service Commission for Stamping.

Fee: 2% of the Consideration Amount.

6.

Transfer document is lodged at the Lands Registry for Registration.

Fee: 5% of the Consideration Amount or the value of the plot of land.

7.

Document is ready for collection.

012 Version: 2 / May 2013 What are the steps to follow in the process of a lease transfer on public land or disputed custom land where the Minister of Lands acts on behalf of custom owner(s)?

1.
1.

Collect and complete Application for Ministerial Consent to Transfer (DOL Form 3) and Consent document (LR Form 20).

2.

Lodge completed Application for Ministerial Consent to Transfer and Consent document (LR Form 20) at the Lands Department.

Processing Fee: vt3,375vt.

3.

Minister reviews and approves the Consent.

4.

Valuation Unit assess up to 10% of the lessor’s benefit, payable by the Transferor (only on disputed custom land where the Minister of Lands acts on behalf of the custom owner).

5.
5.

Transfer document (LR Form 11) is prepared by the Department of Lands or other registered agents such as lawyers, real estates and land consultants.

Preparation fees apply.

Department of Lands fee is vt11,250.

6.
6.

Transfer document (LR Form 11) is signed by the transferee and transferor in front of an authorised officer such as: o Authorised officers in the Department of Lands, Survey and Registry o The secretary to any local government council; o A magistrate; o The Registrar of the Supreme Court; o The Registrar and Receiver General; o Persons for the time being registered as legal practitioners; o Notaries Public; o Commissioners for Oaths; o Managers for the time being of any bank or branch thereof.

7.
7.

Document is lodged at Financial Service Commission for Stamping.

Fee: 2% of the Consideration Amount.

8.

Document is lodged at the Lands Registry for Registration.

Fee: 5% of the Consideration Amount or the value of the plot of land.

9.

Document is ready for collection.

LAND TALK DEPARTMENT OF LANDS, SURVEY AND REGISTRY Where can I find out more information?
The staﬀ of the Lease Execu0on Sec0on of the Department of Lands can provide you with more informa(on about the lease transfer process: D e p a rtm e nt o f L a n d s , S u r v ey a n d Re g istr y OFFICE HOURS Monday—Friday 9:00am–11pm & 2:00pm–4:00pm.

TELEPHONE Port Vila 22892 Luganville 36256 POSTAL ADDRESS Department of Lands, Survey and Registry PMB 9090, Port Vila 012 Version: 2 / May 2013