Mr. A passed away, leaving his inheritance as a house for his daughter, Ms. C, who is currently residing in Australia. Ms. C knows that overseas Vietnamese cannot own land use rights in Vietnam. Therefore, Ms. C contacted LawNet to find out more information whether she can inherit the house that her father left for her? Regarding this issue, LawNet would like to response as follows:
Mortgage of LURC is understood as the mortgage of the Certificate of House and Land Use Right to borrow money from the bank. Thus, when mortgaging a LURC in Vietnam, people should note the following 03 conditions.
Contracts on transfer, donation, mortgage or contribution of land use rights as capital or the rights to use land and land-attached assets (contracts on purchase of real estate) must be notarized or certified. Below are guidelines for the procedure of notarization of real estate purchase contracts according to Vietnam’s law.
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