1. Current Conditions for Apartment Sale
Apartments are buildings consisting of many households living inside apartments, with a system of common infrastructure facilities such as walkways, stairs, elevators, campus, .. Apartment buildings can be built to meet two purposes: to live in or to live in and do business.
Apartment is a type of housing that is very suitable for urban living conditions
Apartments are increasingly being formed in big cities to meet people’s needs. However, in the market over the years, there have been many investors raising capital when they were not eligible, causing people to fall into a state of losing money or being immersed in capital for a long time without a house.
Therefore, learning about the conditions for opening and selling the apartment before buying will help you avoid possible risks.
Accordingly, the conditions for apartments to be opened for sale are specified in Article 118, Housing Law 2014 with the following specific contents:
- Apartment building must have a certificate of land use rights and assets attached to the land.
- Not subject to dispute or complaint.
- If it is a residential with a term, it must be in the term of ownership.
- Not in the case of assets being distrained for judgment enforcement or to execute legally effective administrative decisions.
- Not subject to land acquisition or demolition or clearance by a competent State agency.
Apartment must have all legal documents before being sold
2. What are the conditions for opening and selling houses in the future?
Along with learning about the conditions for opening and selling apartments, in Vietnamese legal documents there is another concept of housing in the future. Houses formed in the future are unfinished apartments that are in the process of being built. This is also a type of real estate that can be sold, even now it is the type that accounts for a large percentage of transactions buying and selling apartments.
In this case, the sale needs to ensure very strict requirements to minimize risks for buyers. That is:
– The investor has had all the papers issued by the competent authority, the certificate of land use right, the decision to allocate or lease the land for implementation. project.
– Have full project documents including: construction permit, technical design, drawings, project progress, 1/500 plan, … has been approved by the competent authority.
– The foundation construction has been completed and there is a full acceptance report.
– Infrastructure conditions, such as roads, water supply and drainage systems, public lighting and domestic electricity lines have been completed.< /p>
– The dossier has been submitted to the competent authority and has a written reply confirming that the project is fully qualified, meets the requirements and is allowed open for sale, raise capital.
– If the house is mortgaged, the mortgage must be completed and the financial obligation guaranteed by the bank, in case the investor does not hand it over. or handover later than planned to customers.
3. Legal Notes When Buying an Apartment
Before buying an apartment, in addition to determining your own wishes and aspirations, prepare financial conditions, utilities, living environment, etc. .. in order to avoid being scammed, you need to pay special attention to the legal aspects of the apartment or building.
4. Check the Conditions of Apartment Sale
Even if the apartment has been built or the type of housing is formed in the future, you should ask the investor to present all the necessary documents to prove the legality of the project. projects, apartments, fraud prevention or trouble
