Private ownerhsip of land is not allowed in Lao PDR. Domestic entities may obtain "land use rights" which are similar to freehold ownerhsip rights. But foreign investors, including minority foreign-owned established ones, may lease land or receive land in concession from the State. The lease or concession of land by the State to foreign-invested enterprises registered in the Lao PDR is limited to 50 years. The lease of land by a Lao citizen to a foreign-invested company registered in the Lao PDR is limited to 30 years. Subleasing is allowed and foreign investors are entitled to own the structures and developments made on leased land. However, upon expiration of the lease or concession term, all development revert to the lessor or the state without compensation.

The 2019 Land Law now entitles both Lao and foreign nationals to purchase individual units in condominiums with the same term as the lifespan of the building or condominium. These entitles acquirers with the right to use, sell, lease, mortgage, and bequeath the ownership of the unit in a manner similar to the alienation of permanent land-use rights of land that is privately owned by a Lao national. In the case of foreign acquirers, however, land use rights on the land on which the condominium is built still belongs to the legal entity that owns the land. For the purpose of the OECD FDIRRI, it is assumed that foreigners ownership rights of real estate residential or commercial units remains materially unchanged and equivalent to Lao citizens, except that Lao nationals who own an apartment in a condominium are also granted a portion of the land use rights of the condominium in proportion to the size of the apartment, whereas the foreign national is not. This is not considered a material restriction in the OECD FDIRRI.
"Article 3. (amended) Land Ownership
The Land of the Lao People's Democratic Republic is the ownership of the national community where the State represents the ownership holder and manages lands in a centralized and uniform manner across the country with land allocation plans, land use planning and land development.
The State grants long-term and secured land use rights Lao citizens as well as legal persons, collectives and organizations of Lao citizens.
Aliens, stateless persons, foreign individuals, foreign nationals of Lao ancestry have the rights to lease, receive concession of State land or purchase allocated State land use rights with determined timeframe and to lease the land of Lao citizens. Their organizations that have been established with the authorization of the State, have the right only to lease or receive concession of State land and lease land of Lao citizens.
[...]
Article 4. (new) Definition of Terms
The terms used in this Law have the following definitions: [...]
9. Land use rights of legal entities and Lao citizen's organizations refer to the right of legal entities or organizations of Lao citizens on the land for which land titles have been issued in accordance with laws;
10. Land use rights of aliens, stateless person, foreigners, foreign national of Lao ancestry and their organizations established with the authorization of the State refer to the land use rights which are acquired through lease, concession, purchase of allocated State land use rights with determined timeframe as place of living, making the living and operating business in compliance with the laws of Lao PDR;
[...]
Part VII - Land Lease and Concession and Sale of Allocated State Land Use Right with Determined Timeframe
Section 1 - Lease of Land from Lao Citizens, Lease and Concession of State Land [...]
Article 117. (amended) Lease of Land from Lao Citizens [...]
Aliens, stateless persons, foreigners, foreign nationals of Lao ancestry who legally reside in Lao PDR and their organizations that have been established with the authorization from the State can lease lands from Lao citizens including legal entities or organizations of Lao citizens for a period not exceeding thirty [30] years with option of renewal as agreed by the contractual parties and subjected to approval of provincial administrative authorities based upon the proposal from the Provincial Department of Natural Resources and Environment. The land lease agreement shall be certified by village administrative authorities, notary and registered as activity of land use rights at the District Office of Natural Resources and Environment where the land is located.
[...]
Article 120. (amended) Terms of Lease or Concession of State Lands
The terms of State land lease or concession operated by individuals, legal entities or domestic and foreign organizations shall be based on the characteristics, size, and conditions of the intended operations. The period shall not exceed fifty [50] years and may be extended upon the decision of the Government or the National Assembly or Provincial People's Assemblies based on the evaluation of the project activities or operations and the decision of the Government or provincial administrative authorities.
[...]
Section 3 - Sale of Allocated State Land Use Right with Determined Timeframe
Article 123. (amended) Sale of Allocated State Land Use Right with Determined Timeframe
The sale of allocated State land use right with determined timeframe is the sale of the land use rights between the State and Lao citizens, aliens, stateless persons, foreigners and foreign nationals of Lao ancestry for development of new cities, construction of condominiums, apartments, housing development with a term not exceeding fifty [50] years from the date the sale contract is signed. The land use right can be sub-purchased based on the agreement of relevant State agency. The buildings on the land can be sold or leased to other persons or legal entities. 
Buyer of building on the land is the owner of the building during its remaining term and has the right to sell, transfer or pass on the building for inheritance. Lessee of the building on the land has the rights and obligations as defined in the agreement with the lessor.
Upon the expiration date of the sale as defined in paragraph one of this Article, the land use right of the land which the building is on will become the State property again. Nevertheless, the buyer or lessee of the building can continue to use the State allocated land in the form of purchase with determined timeframe or lease the State land.
[...]
Article 132. (new) Acquisition of Land Use Rights through Purchase Apartments in Condominiums
Buyer of apartment in condominium who hold Lao nationality have the land use right on the land at the ratio of the apartment's area per square meter in the condominium construction land that identified in the economic-technical feasibility study of the condominium and has the ownership of the apartment according to the contract.
Aliens, stateless persons, foreigners and foreign nationals of Lao ancestry who buy apartments in condominiums have only long-term ownership of the apartments with the same term as the lifespan of the building. The land use right on the land on which the condominium is built still belongs to the legal entity that owns the land use right, In case it is a State land, the buyers of apartments in condominiums, whether they are Lao citizens, aliens, stateless persons, foreigners, foreign nationals of Lao ancestry, have the rights to collectively use the State land only.
The owners of the apartments shall register their ownership with the Natural Resources and Environment sector. [...]" (Law on Land No. 70/NA dated 21 June 2019 (the "2019 Land Law"))
------------Previously---------
"Art. 64 [...] foreign individuals and their organisations living, investing, and conducting lawful activities in the Lao PDR may lease or receive concessions ofland from the State
[...]" 
Art. 65 [...] The period of land lease or concession by the State to foreign individuals who come to invest in the Lao PDR shall be based on the characteristics, size, and conditions of the intended operations and project. The maximum period shall not exceed fifty years, but may be extended on a case by case basis as decided by the government. [...] The period of land lease by Lao citizens to foreign investors in the Lao PDR [...]  shall not exceed thirty years[,] but may be extended on a case by case basis as agreed between the contracting parties with the approval of the national land management authority [...] In specific economic zones and special economic zones, the maximum period for land lease shall not exceed seventy-five years, but may be extended on a case by case basis with the approval ofthe National Assembly. For the lease or concession of land having an area exceeding ten thousand hectares, approval is required from the National Assembly. [...]" (Law on Land, 2003)
-----------------------------------
"Article 92 - Prohibitions for Investors [...]
3. Foreign investor is prohibited from buying-selling land, except for state land lease or concession; [...]" (Law on Investment Promotion, No 14/NA of 17 November 2016)
Law on Land No. 70/NA dated 21 June 2019 (the "2019 Land Law")
Law on Land, No 04/NA of 21 October 2003, Arts.: 3, 64-67.
Law on Investment Promotion, No. 14/NA of 16 December 2016, Art. 67, 92.
[<a href="https://laolandinfo.org/wp-content/uploads/2020/09/Land-Law-No70-21.06.2019-Eng-unofficial-Translation.pdf">Law</a>],[<a href="http://extwprlegs1.fao.org/docs/pdf/lao77471.pdf">Law</a>],[<a href="http://www.investlaos.gov.la/images/IP_Law_2016_PDF/Investment_Promotion_Law_amended_2016_Unofficial_translated-English.pdf">Law</a>],[<a href="https://conventuslaw.com/report/faq-ownership-of-land-and-property-in-laos/">Other</a>]