Lakhasly

Article (1) : The Minister of Housing shall grant Omani and non Omani natural and juristic persons usufruct over part of the state-owned lands for the purpose of setting up projects, which serve the development process in the Sultanate for a determined period.Article (2) : In the implementation of this Decree, usufruct shall entitle the Usufructuary to use and exploit the land subject to usufruct and shall authorize the Usufructuary to dispose of his/her/their right by way of assigning to third parties or mortgaging the same and all other such acts that are consistent with the nature of the usufruct and without prejudice to the ownership of the land itself.The Ministry may refuse to register such disposal in case it is issued in a manner that violates any of the provisions of this Decree, its Executive Regulations or any other enforceable legislation in the Sultanate.Article (4) : Usufruct may not be acquired unless registered with the Ministry of Land Affairs and Municipalities pursuant to the provisions of the aforesaid Lands Law of 1980.

Article (1) : The Minister of Housing shall grant Omani and non
Omani natural and juristic persons usufruct over part of the
state-owned lands for the purpose of setting up projects,
which serve the development process in the Sultanate for
a determined period. A decision relating to such usufruct
shall be issued by the said Minister. In all circumstances
the decision to grant usufruct over lands to non-Omanis,
non-GCC citizens and companies where the shareholding
percentage of the Omanis or GCC citizens is less than (30%)
shall not be deemed final without obtaining the approval of
the Council of Ministers 2. Article (2) : In the implementation of this Decree, usufruct shall entitle
the Usufructuary to use and exploit the land subject to
usufruct and shall authorize the Usufructuary to dispose
of his/her/their right by way of assigning to third parties
or mortgaging the same and all other such acts that are
consistent with the nature of the usufruct and without
prejudice to the ownership of the land itself. Such is deemed
a temporary real right that shall inevitably cease upon
expiration of the prescribed period or upon the death of the
Usufructuary, whichever is nearer.
Article (3) : Usufruct includes the land, the buildings and crops grown.
The Usufructuary must preserve, maintain and enjoy the
land and its dependencies in accordance with its designated
purpose. Upon expiration of the usufruct due to any reasons,
the Usufructuary shall return the land in the same condition
as it was upon the commencement of the usufruct unless
otherwise agreed, and subject to the provision of Article (7)
hereof.
Article (4) : Usufruct may not be acquired unless registered with the
Ministry of Land Affairs and Municipalities pursuant to the
provisions of the aforesaid Lands Law of 1980. Any disposal
of such right by the Usufructuary shall not be taken into
consideration unless registered in the manner mentioned
above with one copy of the contract to be registered deposited with to the said Ministry. The Ministry may refuse to register
such disposal in case it is issued in a manner that violates any
of the provisions of this Decree, its Executive Regulations or
any other enforceable legislation in the Sultanate.