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The condominium apartment sales contract template is a common form used extensively to document the transfer of ownership rights to the apartment. Mytour will introduce readers to the latest condominium apartment transfer contract template through the following article.
The latest 2023 provisions in the condominium apartment sales contract
1. Template for condominium apartment sales contract and detailed guidance.
2. Regulations on condominium apartment sales contracts.
2.1. Procedure for signing condominium purchase contracts.
2.2. Purchase contracts for condominium apartments without certificates.
2.3. Are condominium apartment sales contracts required to be notarized, authenticated?
1. Template for condominium apartment sales contract and detailed guidance
- The condominium apartment sales contract template is template number 01, specified in Appendix to Decree 02/2022/NĐ-CP guiding the Law on Real Estate Business effective from March 1, 2022.
* Download the template HERE
- When issuing the template for the condominium sales contract, Decree 02 also provides detailed accompanying instructions. Moreover, the content of the contract is extremely detailed, clear, ensuring the essential elements of the template contract.
(1) Clearly state the relevant legal documents related to the sale and purchase of condominiums, including document number and name.
(2) Specify the name of the seller: Business name or individual name.
(3) Only include one of the two information sections, either organization or individual.
(4) If the party is an organization, then write the Enterprise Registration Certificate/Investment Certificate number.
The contract includes the following basic contents:
- Information of the contracting parties
- Characteristics of the apartment for sale
- Price of the apartment, maintenance fees, payment methods, and deadlines
- Quality of residential building construction
- Rights and obligations of the Seller and Buyer
- Taxes and related fees, charges
- Content regarding apartment handover
- Agreement on home warranty
- Transfer of rights and obligations
- Individual ownership, common ownership, and usage of the apartment in condominiums
- Responsibilities of both parties and handling contract violations
- Regulations on contract termination
- Dispute resolution provisions
- Other agreements
Besides the condominium sales contract template, readers can explore more templates for purchasing other assets in the article Common 2023 Goods Purchase Contract Templates.
2. Provisions regarding the condominium sales contract
2.1. Procedure for signing condominium purchase contracts
- The procedure for signing condominium sales contracts is carried out through two forms: direct purchase from the developer and purchase from others.
- The process of signing a condominium purchase contract follows these steps: propose to enter into a contract => Accept the proposal to enter into a contract => Draft the contract => Sign the purchase contract => Notarize the purchase contract => Carry out the transfer procedures on the Land Use Right Certificate.
Details of the procedure, transfer process for condominium purchase contracts
2.2. Condominium sales contracts without certificates
- Condominiums without pink slips or certificates can still be bought and sold under the form of transferring commercial housing purchase contracts.
- The template for the purchase contract of an apartment without a certificate of ownership must ensure the following main points:
+ Information about the contracting parties.
+ Information about the subject of the contract.
+ Number, duration of the housing purchase contract with the investor.
+ Price, duration, payment method.
+ Rights and obligations of each party.
+ Dispute resolution.
+ Other agreements.
2.3. Is Notarization Mandatory for Condominium Apartment Sales Contracts?
- According to Article 122 of the Housing Law, condominium apartment sales contracts must be notarized, except for cases where the apartments are state-owned or serve resettlement purposes.
During notarization, the contract template will include a statement of certification from the notary public.
- Notarized contracts will be examined for both content and form.
For a clearer understanding of this matter, readers can refer to
By applying a standardized apartment purchase contract template, the government will have an easier time managing property transfers, ensuring legally sound purchase contracts in form and content.
Regarding land-related topics, readers can explore Mytour's Model Land Use Rights Transfer Contract and Property Attached to Land for further information. When purchasing real estate, it's crucial to thoroughly inspect the red and pink books. You can refer to the article on How to check red books, pink books for easy verification.
