Starting a business in Sri Lanka is exciting, but it can also feel complicated if you are new to the process. The legal steps are clear, but they must be followed carefully to avoid problems later on. Below, we walk you through the main stages, with simple explanations to help you understand how the system works.
Verifying ownership is the first and most crucial step in buying property in Sri Lanka. Buyers must check the title deed at the local Land Registry to ensure the seller has the legal right to sell. It is equally important to confirm that the property is free from mortgages, liens, or disputes, including potential inheritance claims. Failure to verify ownership can lead to lengthy legal battles and financial losses. For example, there have been cases where buyers purchased property without checking for co-owners, only to face court disputes months later. Working with a legal professional ensures that the title is clean and the transaction is secure.
Partition law in Sri Lanka governs how property is divided among heirs when multiple individuals have a legal claim. This law ensures fairness and protects the rights of each co-owner or family member. Partition may apply to land, houses, or other inherited assets. Understanding the legal framework is essential to avoid disputes, especially in cases involving multiple generations or complex family structures.
Disputes are part of life, whether they involve businesses, families, or individuals. In Sri Lanka, the law provides multiple ways to resolve conflicts, the most common being *mediation and litigation*. Mediation is a process where a neutral third party helps disputing parties reach a voluntary agreement, while litigation involves taking the matter to court for a binding judgment. Choosing the right path depends on the nature of the dispute, the parties involved, and the desired outcome.
A lease agreement is the foundation of a rental relationship between landlords and tenants. In Sri Lanka, having a properly drafted lease is crucial to avoid disputes over rent, property use, and responsibilities. Whether you are renting a residential apartment, commercial office, or retail space, the lease outlines the rights and obligations of both parties and ensures that each side understands their legal position. Without a written lease, misunderstandings and conflicts can escalate into legal disputes that are difficult and costly to resolve.
Leave entitlements are an essential part of employment law in Sri Lanka, ensuring employees can balance work and personal needs while maintaining health and family responsibilities. The law provides for *maternity leave, sick leave, and annual leave*, with specific rules on duration, eligibility, and compensation. Employers must understand these provisions to avoid legal violations and foster a fair workplace environment.