Vietnam Business Law

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Leasing of a building under construction

Article 28 of the Law on Real Estate provides that houses or construction works for lease must be houses or construction works which are already in existence. This provision suggests that it is not possible to enter into a lease contract for a house or building under construction. This is different from selling houses or construction works under constructions. Under Article 22 of the Law on Real Estate, it is possible to sell houses or other construction works which are still under construction.

 

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