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Housing purchase contracts formed in the future clearly stipulate payment methods, helping to protect the interests of both buyers and sellers. Regulations on making payments in many stages have created flexibility and financial security for buyers; Ensuring transparency and reasonableness in the real estate transaction process. Next, let’s join Long Phan to learn about the content of payment for housing purchase contracts formed in the future.
When buying a house to be formed in the future, home buyers need to pay attention to the following issues:
First, housing conditions formed in the future are included in the business.
Future housing to be put into business must have one of the following documents:
At the same time, there are the following documents:
In addition, the subject buying future housing needs to check whether the project is in dispute or not?
Second, choose a reputable investor with financial capacity to ensure the project is implemented on schedule.
Third, clearly understand the loan policy to buy from the bank.
Currently, housing purchase contract formed in the future often involve a third party, called an affiliated bank, lending money to carry out house buying and selling. Therefore, it is necessary to pay attention to the three-way relationship between the bank, the buyer and the seller to ensure benefits.
Fourth, review project implementation progress.
Fifth, sign the terms in the contract to buy a house formed in the future.
This is an important issue, the corridor purchase contract ensures the rights of both parties. Therefore, it is necessary to carefully review the terms.
Sixth, check carefully when receiving and handing over
Pursuant to Clause 4, Article 44 of the Law on Real Estate Business 2023, a contract to purchase a house to be formed in the future, if at least one party is a real estate business, must be notarized at the request of the parties.
In addition, according to Clause 1, Article 164 of the Law on Housing 2023, housing purchase and sale contracts including future housing must be notarized.
Thus, a contract to buy a house to be formed in the future may or may not be required to be notarized, depending on whether one of the parties in the contract is a real estate business or not.
Pursuant to Article 25 of the Law on Real Estate Business 2023, there are regulations on payment of housing purchase contract to be formed in the future as follows: Payment in the purchase and sale of houses to be formed in the future is made many times. The initial amount must not exceed 30% of the contract value including the deposit. Subsequent installments must be consistent with the construction progress but the total amount must not exceed 70% of the contract value when the house has not yet been handed over to the buyer;
In case the seller is an economic organization with foreign investment capital as prescribed in Clause 4, Article 10 of the Law on Real Estate Business 2023, the total amount must not exceed 50% of the contract value.
At Long Phan, we provide consulting services and support in preparing future housing purchase contracts, to ensure you conduct transactions safely and effectively.
We provide the following services:
Housing purchase contracts formed in the future are taking place quite actively in the current real estate market. However, besides the advantages, when buying a house to be formed in the future, there are also risks. Long Phan will support customers to overcome risks to build a safe contract, ensuring maximum benefits. If you have any needs, please contact the hotline: 0906735386 to receive dedicated support.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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