Is it possible to determine the owner of a house during a rent-to-own period?

Wed, 24 May 2023 14:14:00  |  Print  |  Email   Share:

Mr. Tran Manh Khang (Vinh Long) is currently renting-to-own a social housing apartment from the State. The rent-to-own period is from May 2010 to April 2030. During this time, is Mr. Khang the owner of the apartment or not?

During Mr. Khang's rent-to-own period, who is responsible for repairing and renovating the private ownership portion of the apartment (such as repairing the flooring due to peeling or painting the walls due to leakage), is it him or the State?

The Ministry of Construction responds to this issue as follows:

According to Article 3, Clause 17 of the 2014 Housing Law, "Lease-purchase of houses means that the lessee shall pay in advance to the lessor 20% of the value of the leased house, except for the case where the lessee is capable of paying in advance, then the payment shall not exceed 50% of the value of the leased house; the remaining amount shall be calculated as rent to be paid monthly to the lessor for a certain period of time; after the lease-purchase of the house expires and the lessee has paid all the remaining amount, the lessee shall have the right to own the house."

Articles 10 and 11 of the 2014 Housing Law have also provided for the rights and obligations of the owner and the user of the house. Therefore, it is suggested that you study and compare with your own case to implement it.

During the implementation process, if there are any difficulties or obstacles, please contact the Department of Construction of Vinh Long province, which is the state management agency for housing in the area, for guidance and resolution according to its jurisdiction.

By: Translator: LeAnh-Bizic/

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