Decision No. 29/2001/QĐ-BXD provides for model contracts for the sale and purchase of residential properties and application forms for certificates of ownership of residential properties and land use rights for overseas Vietnamese purchasing houses in Vietnam according to Government Decree No. 81/2001/NĐ-CP.
Scope of application
Overseas Vietnamese, organizations, and individuals related to the sale and purchase of residential properties and issuance of certificates of ownership of residential properties in Vietnam.
Key points
- When purchasing residential properties in Vietnam, overseas Vietnamese must comply with the prescribed model contract (Article 1).
- Parties involved in transactions for the sale and purchase of residential properties shall use the application form for certificates of ownership of residential properties and land use rights issued together with this Decision (Article 1).
- This Decision takes effect from November 20, 2001.
- Ministries, ministerial-level agencies, government-affiliated agencies, provincial people's committees, centrally-administered city people's committees, and related organizations and individuals must comply with the provisions of this Decision.
🌐 Social impact of this document
- Overseas Vietnamese are facilitated in purchasing residential properties in Vietnam through specific model contracts and application forms for certificates.
- Competent authorities have additional legal grounds to manage overseas Vietnamese’s activities in purchasing residential properties.
❓ Frequently asked questions
What model contract should be used when overseas Vietnamese purchase a house in Vietnam?
The prescribed model contract under Decision No. 29/2001/QĐ-BXD must be used.
What procedures do the parties involved in transactions for the sale and purchase of residential properties need to follow to obtain certificates of ownership?
Use the application form for certificates of ownership of residential properties and land use rights issued together with Decision No. 29/2001/QĐ-BXD.
When does this Decision take effect?
This Decision takes effect from November 20, 2001.
Full text
DECISION
OF THE MINISTER OF CONSTRUCTION NO. 29/2001/QĐ-BXD
DATED OCTOBER 19, 2001 ON THE FORMS OF HOUSING PURCHASE CONTRACTS AND APPLICATION FORMS FOR OWNERSHIP CERTIFICATES OF HOUSING AND LAND USE RIGHTS APPLICABLE TO VIETNAMESE OVERSEAS RESIDENTS PURCHASING HOUSING IN VIETNAM ACCORDING TO GOVERNMENT DECREE NO. 81/2001/NĐ-CP DATED OCTOBER 5, 2001
THE MINISTER OF CONSTRUCTION
Pursuant to the Law on Legislative Regulatory Documents dated November 12, 1996;
Pursuant to Government Decree No. 81/2001/NĐ-CP dated October 5, 2001 regarding Vietnamese overseas residents purchasing housing in Vietnam;
Pursuant to Government Decision No. 15/CP dated March 4, 1994 on the functions, tasks, powers and organizational structure of the Ministry of Construction;
Upon the proposal of the Director of the Housing Management Department,
DECIDES:
Article 1. To promulgate with this Decision the forms of housing purchase contracts and application forms for ownership certificates of housing and land use rights applicable to Vietnamese overseas residents purchasing housing in Vietnam as prescribed by Government Decree No. 81/2001/NĐ-CP dated October 5, 2001.
Article 2. This Decision takes effect from November 20, 2001.
Article 3. Ministries, ministerial-level agencies, governmental agencies, provincial People's Committees and organizations and individuals are responsible for implementing the contracts and application forms for ownership certificates promulgated with this Decision./.
THE MINISTER OF CONSTRUCTION
Nguyen Manh Kiem
(Signed)
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