5. Official residence means any house rent by entities entitled to live in official residences as prescribed on this Law over the duration in which they are on obligation. 8. Housing construction challenge means all deliberate items of work which are designed to use capital to build new housing, or technical and/or social infrastructural works for residential use, or to renovate or restore housing in a sure location. 3. Apartment constructing means any multi-storey constructing which has multiple apartments, public stairs, corridor ways, personal areas, common areas and common infrastructural works for organizations, households or individuals, together with condominium buildings for residential use and mixed-use buildings for both business and residential purposes. 11. Using the apartments not for residential purposes; utilizing the realm for enterprise purposes within the condominium constructing under accepted undertaking for buying and selling flammable materials, explosives, offering services causing environmental pollution, noise or negative results on the lives of households and individuals in the apartment constructing as prescribed in rules of the government. In case of very important necessity for national protection and safety purposes; socio-economic growth for national or public advantages, or state of warfare, state of emergency, or disaster response, the State shall determine the purchase, commandeering, or demolition of housing under lawful ownership of the organizations, households, or individuals, then the State must pay compensation and carry out insurance policies on relocation to homeowners as prescribed.
17. Lease purchase agreement means an settlement, whereby the lessee pays an possibility charge of 20% of a house, until the lessee is ready to pay an option payment greater than 20% but not exceeding 50% of the house; the remaining cost shall be thought of as the monthly rent over a sure duration; the lessee shall acquire the possession of such home if he/she pays off the entire quantity when the lease buy settlement expires. 2. If for a person has a set-term homeownership as prescribed in Clause 1 Article 123 on this Law, he/she might exercise the rights prescribed in Clause 1 of this text over the homeownership period, except otherwise agreed among the parties; when the contractual time period expires, the house which is underneath administration of the homeowner should be returned to the preliminary homeowner. 3. If the homeowner is a overseas organization or individual, he/she shall have the rights prescribed in Article 161 of this Law. This has been created with the help of Công ty xây dựng.
10. Renovating, increasing, demolishing the houses below agreements on housing lease, lease purchase, lending, permission for stay, or authorization of housing management with out the consent of the homeowner. This Law applies to organizations, households or individuals related to possession, development, management, use, and transactions in housing and state administration of housing in Vietnam. Use the home for residential purposes and different functions not prohibited by rules of law. This Law stipulates ownership, growth, management, and use of housing; housing-associated transactions; state administration of housing in Vietnam. Any household or particular person is entitled to have residence via investment in housing construction, purchase, lease, lease buy, receipt of reward, receipt of inheritance, receipt of capital contribution, exchange, borrowing, stay, or authorization for housing management and different transactions prescribed in regulations of law. 2. Obstructing the achievement of state administration of housing, train of rights and achievement of obligations of the group, household, or individual when it comes to the homeownership, use of housing and housing-associated transactions.
12. Homeowner means any group, household, or individual having professional housing by way of funding in housing construction, purchase, lease buy, receipt of reward, receipt of inheritance, receipt of capital contribution, or exchange and different transactions prescribed on this Law and corresponding regulations of law. 2. Procedures for issuance of the Certificate to the homeowner shall adjust to regulations of law on land. 6. House serving relocation means any home supplied for households or people who need to relocate when the State withdraw land or perform land clearance as prescribed in regulations of law. 7. Social home means any home supplied for entities benefitting from the insurance policies on housing help carried out by the State as prescribed on this Law. 1. Vietnamese organizations, households or individuals (hereinafter referred to as Vietnamese entities). 14. Vietnamese organization means any regulatory agency, armed unit, public service supplier, political organization, socio-political organization, occupational-social-political group, social organization, socio-occupational group, nhà thầu xây dựng economic organization and different group prescribed in law on civil (hereinafter referred to as organization). 1. The State recognizes and protects the homeownership of homeowners as prescribed in this Law. 224 people took the Florida Real Estate brokers license state examination for the first time in July.