Draft Law establishing the
“Real Estate Mortgage Certificate”
Article 1:
Pursuant to this law, a real property right is established, called “the Real Estate Mortgage Certificate” (hereafter designated by “the Certificate”), and is added to the real rights set out in article 10 of decree 3339/LR of 12/11/1939. The “Certificate” is subject to the conditions stipulated by the present law.
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The CHO Bill
Drafting and Signature
IMPACT STUDY
Economic Effect of the CHO
The introduction of the CHO will have positive effects on the Lebanese economy.
From a macroeconomic point of view, we can expect sustainable growth in economic activity. The remobilization of the Real Estate capital would generate additional growth estimated at more than 2% per year, without the risk of inflation.
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