Intro

Date of the Royal Seal and Publication: 2054/09/07 BS (December 22, 1997)

Amending Acts:

1. Act for the Consolidation of Republic and Some Laws of Nepal Amending Acts, 2066 (2010)
   2066/10/7 (10 January 2010)
2. Some Laws of Nepal Amending Act, 2072 (2016)
   2072/11/13 (25 February, 2016)

Act No. 15 of the Year 2054 (1997)

AN ACT MADE TO PROVIDE FOR THE OWNERSHIP OF JOINT HOUSING

Whereas, in urban areas of Nepal … the increment in the price of land as a result of the pressure caused by overpopulation in urban areas of Nepal has led to a situation whereby residents of cities may be deprived of housing facilities; whereas, it is expedient to solve the existing housing problems and make arrangements for housing in a planned manner by selling apartments smoothly through the development of joint housing and make arrangements for the rights and duties in such apartments; Be it enacted by Parliament in the twenty-sixth year of the reign of His Majesty Birendra Bir Bikram Shah Dev.