Amendment & supplementation of article 21 of circular 16 bxd

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Information about Amendment & supplementation of article 21 of circular 16 bxd
Real Estate

Published on February 27, 2014

Author: LunChu

Source: slideshare.net

Description

Amendment & Supplementation of article 21 of Circular 16/2010/TT-BXD

Amendment & Supplementation of article 21 of Circular 16/2010/TT-BXD • • • • • • Purchase contracts of developers have to be made of 04 copies. Buyers keeps one while developers keep 03 for submitting for the Pink Book and storage. The contracts are valid to define rights and obligations of buyers although the buyers already receive the pink book. On the contract, developers have to write down clearly common areas of owning and using, private own areas; floor areas; usage areas for calculating selling price; maintenance 2%; management fees and ways to adjust the fees during the time BOC not elected. A sample contract attached to the circular, if both parties signed contract not conformed with or not follow the sample contract is illegal and not be issued pink book. Developers have to register the purchase contract with authority. The circular will take effective on Apr 08, 2014. In case a signed contract happened before the effectiveness of the circular, areas for calculating selling price of an apartment will be based on agreement in the contracts signed.

Areas in the Pink Book • The areas are inner lined areas • It will include areas of walls inside the unit and balconies attached to the unit • It will NOT include outer lined wall areas of the unit, walls between units, pillars, and tech-box areas • Balcony areas is outer-lined areas. If balcony sharing with other units, innerlined areas is applied

Areas in the Pink Book

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