Rules for lease purchase agreement

Rules for lease purchase agreement1. Any buildings for under a lease purchase agreement must meet requirements in terms of quality, safety, environmental hygiene and other necessary services for proper use according to utilities, design and agreement specified in the agreement. 2. The lease purchase must be associated with the land. 3. Contracting parties may reach an agreement on shortening the duration of the lease purchase agreement ahead of schedule. Article 32. Rights of the lessor 1. Request the lessee to receive [...]

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Unilateral termination of the lease agreement

Unilateral termination of the lease agreement.1. The lessor may unilaterally terminate performance of building lease agreement if the lessee commits the following acts: a) Fail to pay the rent after 3 months from the deadline as specialized in the agreement without approval of the lessor; b) Use the building for the improper purpose; c) Intentionally cause serious damage to the leased building; d) Repair, renovate, upgrade, exchange or sublet the building without any agreement or the lessor’s agreement in writing. 2. The lessee [...]

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Unilateral termination of the lease agreement

Unilateral termination of the lease agreement.1. The lessor may unilaterally terminate performance of building lease agreement if the lessee commits the following acts: a) Fail to pay the rent after 3 months from the deadline as specialized in the agreement without approval of the lessor; b) Use the building for the improper purpose; c) Intentionally cause serious damage to the leased building; d) Repair, renovate, upgrade, exchange or sublet the building without any agreement or the lessor’s agreement in writing. 2. The lessee [...]

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Requirements in terms of real estate to be put on the market

Requirements in terms of real estate to be put on the market Office for lease 1. A building to be put on the market shall satisfy the following requirements: a) The ownership of the building on land is registered in the Certificate of land use right (hereinafter referred to as Certificate of land). Regarding an off-the-plan building in the real estate project, it is only required to have the Certificate of land as prescribed in regulations of law on land. b) There [...]

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Disclosure of real estate to be put on the market

Disclosure of real estate to be put on the market Office for lease 1. An enterprise conducting real estate trading (hereinafter referred to as real estate enterprise) shall take responsibility for disclosure of real estate according to the following forms: a) On the website of the real estate enterprise; b) At the Head office of Project management board regarding investment project on real estate trading; c) On the real estate trading floors regarding real estate trading through trading floors. 2. Information about real estate [...]

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Interpretation of terms

Interpretation of terms Office for lease For the purposes of this Law, these terms below shall be construed as follows: 1. Real estate trading means capital investment in building, purchasing, and receiving real estate for sale, for transfer, for lease, for sublease, or for lease purchase; provision of real estate brokerage services; real estate trading floor services; real estate counseling services or real estate management for profit purposes. 2. Real estate brokerage means acts as an intermediary between parties in real [...]

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The right to establish enterprises, contribute capital, purchase shares/stakes, and manage enterprises

Article 18. The right to establish enterprises, contribute capital, purchase shares/stakes, and manage enterprises Coworking space 1. Every organization and individual is entitled to establish and manage enterprises in Vietnam in accordance with this Law, except for the cases in Clause 2 of this Article. 2. The following entities are not permitted to establish and manage enterprises in Vietnam: a) Government agencies, armed force units using state-owned property to establish enterprises for self-seeking purposes. b) Officials and civil servants defined by regulations of law [...]

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Responsibilities of the enterprise’s legal representative

Article 14. Responsibilities of the enterprise’s legal representative Coworking space 1. The enterprise’s legal representative has the following responsibilities: a) Perform the given rights and obligations in a truthful, careful manner to ensure the enterprise’s lawful interests; b) Act in the best interest of the enterprise; do not use information, secrets, business opportunities of the enterprise; do not misuse the position, power, or property of the enterprise for self-seeking purposes or serving the interest of other entities; c) Notify the enterprise of the representative [...]

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Reporting changes to information about the enterprise’s manager

Article 12. Reporting changes to information about the enterprise’s manager Coworking space The enterprise must notify the business registration authority of the changes to the nam. Address, nationality, ID number, passport number or other ID papers of the following persons within 05 days from the day on which such changes are made: 1. Members of the Board of Directors of the joint-stock company; 2. Members of the Control Board or controllers; 3. The Director or General Director. Article 13. Legal representative 1. The legal representative of an [...]

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Rights and obligations of enterprises providing public services/products

Article 9. Rights and obligations of enterprises providing public services/products Coworking space 1. The rights and obligations specified in Article 7, Article 8, and relevant regulations of this Law. 2. Get reimbursed for the costs in accordance with regulations of law on bidding, or collect service charges in accordance with regulations of competent authorities. 3. Provide products/services for a period of time sufficient to recoup investment and earn a reasonable amount of profit. 4. Provide products/services according to agreed quantity, quality, and time limits [...]

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