Vietnam: Conditions for transferring contract for lease purchase of existing buildings from November 01, 2015

11:09, 14/09/2015

This is a notable content mentioned in Decree No. 76/2015/ND-CP of Vietnam’s Government on guidelines for the Law on real estate trading.

The transfer of contract for lease purchase of existing buildings must fully satisfy the conditions specified in Decree No. 76/2015/ND-CP of Vietnam’s Government, specifically as follows:

Điều kiện chuyển nhượng hợp đồng thuê mua nhà từ 01/11/2015

- The lessee of contract for lease purchase of an existing building prescribed in Section 4 Chapter II of the Law on real estate trading may transfer such contract to another organization or individual if the application for issuance of Certificate of land use rights, ownership of houses and property on land (hereinafter referred to as the certificate) has been not submitted to the competent agency.

- The transferee of the lease purchase contract may transfer such contract to another organization or individual if the application for issuance of the certificate still has not been submitted to the competent agency.

Note: The whole lease purchase contract concluded with the lessor must be transferred. Regarding lease purchase contracts of single detached house or apartment, each detached house or apartment shall be transferred separately; regarding lease purchase contracts of multiple detached houses or apartments, all houses apartments shall be transferred.

View full text at Decree No. 76/2015/ND-CP of Vietnam’s Government, effective from November 01, 2015.

Thu Ba

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