Procedures for buying and selling Diplomatic Corps apartment building

1. Procedures for buying and selling apartments with investors

When carrying out the procedures to buy an apartment building from the investor, the two parties must make a written transfer of the house purchase and sale contract for certification by a notary public according to the prescribed form. When requesting notarization, the parties are required to present the house purchase and sale contract signed with the investor; If the apartment is transferred from the second time, the transfer paper of the previous house sale and purchase contract must be presented.

Once the above conditions have been met, either party will submit copies of documents (contract transfer documents; copies of capital contribution receipts, copies of house purchase and sale contracts, etc.) to tax authorities to carry out the procedures for income tax collection according to the provisions of law.

Procedures for buying an apartment building from the investor will be carried out after the two parties have fully paid taxes as prescribed, the transferee of the contract will have to submit 01 set of documents to request the transfer of the contract (including types of documents such as: copy of income tax receipt; copy of signed apartment purchase and sale contract and notarized original of transfer contract) for the investor to confirm in the transfer contract of purchase apartment sale. The maximum time limit for the investor to confirm the contract transfer document and hand it back to the transferee is 5 days, and the investor will not be able to collect any fees from the contract transfer.

 

 

Starting from the date of confirmation in the contract transfer document, the investor shall terminate the transaction with the contract assignor and directly deal with the contract transferee; the transferee of the contract, who is considered the home buyer, will continue to perform the rights and obligations under the house purchase and sale contract signed with the investor.

Fees payable when buying an apartment or living in an apartment building:

1. Registration fee

2. Fees for issuance of certificates of land ownership, ownership of houses and properties on land

3. Notarization fee for apartment purchase and sale contract

4. Personal income tax

5. Apartment management fee

6. Monthly service fee

7. Other expenses after living in the apartment

2. Procedures for transfer of apartment contract

The transferor and the transferee of the house purchase and sale contract agree to make a written transfer of the house purchase and sale contract. If the transferor of a house purchase and sale contract is not an enterprise or cooperative with the function of real estate business in accordance with the law on real estate business, the contract of transfer of contract must be notarized or authentication.

The transferee shall have to pay taxes, fees and charges for the transfer of the house purchase and sale contract; The transferee submits 01 set of documents requesting the investor to confirm in the contract transfer document. The investor is responsible for certifying in the contract transfer document within a maximum of 05 working days from the date of receipt of the dossier and handing over the documents to the applicant;

The transferee under the house purchase and sale contract is finally granted a Certificate by a competent state agency in accordance with the law on land. When carrying out the procedure for providing the Certificate.

In case of contract assignment from the second contract onwards, the same procedures must be followed as in the case of the first contract transfer.

 

 

When transferring the name of an apartment, one of the things you have to do is declare your financial obligations including personal income tax and registration fee.

Personal income tax rate:

Personal income tax payable = Transfer price x 2%

Registration fee level:

+ When the apartment purchase price is higher than the price prescribed by the Provincial People's Committee (most common).

Registration fee = 0.5% x Transfer price

+ When the apartment purchase price is equal to or lower than the price prescribed by the Provincial People's Committee

Registration fee = 0.5% x (Area x Price 01 m2 x Rate (%) of remaining quality)

Book issuance fee: 50,000 – 100,000 VND;

In addition, there are cadastral fees and appraisal fees.

Above are the basic and brief regulations on buying, selling and transferring apartments. To get more detailed information, please contact Hotline number for advice on apartments as well as procedures for buying and selling Ngoai Giao Doan apartments.