This Law stipulates real estate trading, rights and obligations of organizations and individuals to conduct real estate trading and state management of real estate trading.
According to Article 10 of this Law, enterprises conducting real estate trading must have legal capital not smaller than VND 20 billion, increased by VND 14 billion in comparison with the former level
Regarding the scope of real estate trading, this Law adds more forms of trading real estate for FDI enterprises. The additional forms include:
- Rent buildings for sublease;
- Receive total or a part of real estate project from investors to build buildings on it for sale, for lease, or for lease purchase;
- Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.
This Law takes effect from July 1, 2015 and replaces Law on real estate trading No. 63/2006/QH11 .
|Published||Vietlaw's Newsletter No. 180|