No Comments

Red Paper For The Project: An Apartment Took 8 Laws

Red paper for the project

Persons wishing to buy apartments in housing projects need to know the time to be issued the certificate, the legal responsibility of the investor, the legal rights of the owner of the apartment …

You can read more information at Vietnam Real Estate News

Red paper for the project
Overview of the seminar “Red paper for the project”

In addition to information, legal knowledge about trading; The process of granting the land use right certificate and the right to own the apartment, the person wishing to buy the apartment in the housing project also needs to know the time to be granted the certificate, the liability of the investor, The legal rights of the owner of the apartment …

These are the issues that will be discussed at the “Red Paper for Project” seminar organized by the Law Review of Ho Chi Minh City in cooperation with Tan Binh Construction Investment Joint Stock Company (51 Hoang Viet, Ward 4 , Tan Binh District, Ho Chi Minh City) held on August 9, 2016 at the law of Ho Chi Minh City.

Red paper for the project
Nguyen Thi Thu Tam, Deputy Editor-in-Chief of the Law Office of Ho Chi Minh City, presented flowers to Mr. Nguyen Trong Tuan, Deputy General Director of Tan Binh Construction Investment Joint Stock Company

Participants in the seminar included representatives of functional agencies such as Pham Ngoc Lien, Director of Ho Chi Minh City Land Registration Office. Mr. Phan Truong Son, Head of Housing Development and Real Estate Market Department of Construction HCMC; Mr. Nguyen Hong Lam – Deputy Director of Natural Resources and Environment of District 8, Mr. Nguyen Trong Tuan – Deputy General Director of Tan Binh Construction Investment Joint Stock Company, Mr. Nguyen Trong Tho – ATS Law Firm, Representative of People’s Committee of Binh Thanh District , Binh Tan District,…

Red paper for the project
illustration

“Ack” grant home project paper for 4 reasons

According to Pham Ngoc Lien, as of July 1, 2014, the city has 33 condominium projects, 10,997 apartments eligible for the paper. However, this number has not been issued.

There are four most common reasons for delay in issuing a paper: the first is the owner of the construction violation, the second is the investor does not anticipate the market should change to fit the market midway The Third, the investor mortgage the red paper when the house is sold to the buyer; The fourth is the executing agency sometimes because of a part of the project that blocks the whole project.

Red paper for the project
Mr. Pham Ngoc Lien, Director of Ho Chi Minh City Land Registration Office

Nguyen Trong Tuan, Deputy General Director of Tan Binh Construction Investment Company, said that the responsibility of the investor is to complete the legal procedures for customers.

With a business when making investment projects, an apartment is pressured by 8 laws: land, housing, construction, real estate business, business, investment, tax, urban. The eight laws that are attached are many decrees, under the decree, there are many circulars.

Only land certificates have been amended several times. The process of getting a red book is not simple.

First of all, it is the responsibility of the investor to obtain the title to the customer, the obligation to pay the land use fee. This is the first criterion for ownership.

Red paper for the project
Mr. Nguyen Trong Tuan, Deputy General Director of Tan Binh Construction Investment Company

Being “executed” when carrying out the tax payment procedures

Nguyen Quang Dung, Director of Legal – Tan Binh Construction Investment Joint Stock Company, said some agencies understand and apply the law well. However, some officials do not meet the expectations of people and businesses.

For example, when working for Tan Mai Apartment Building (Tan Tao Ward, Binh Tan District), the land registration office worked on time. However, when transferring 159 tax forms for registration, this unit handles 100 applications, requesting to adjust the contents of 50 applications, albeit no different than the previous 100 records.

“It would be ridiculous to justify all but 50 votes. This makes the buyer’s paper late, causing negative reactions to residents, “Dung said.

Red paper for the project
Mr. Nguyen Quang Dung, Legal Director – Tan Binh Construction Investment Joint Stock Company

You are reading the article “Red Paper For The Project: An Apartment Took 8 Laws” in the Real Estate category at www.realestatevietnam.com.vn. Any information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909890897 (24/7).
Special thanks!

Red Paper For The Project: An Apartment Took 8 Laws
Review

Comments (0)