Developers failing to submit land use right certificate applications for buyers face fines up to 1 billion VND. (Image: Int)
Fines Up to 1 Billion VND for Delayed Land Certificate Applications
According to the draft, developers delaying submissions for land use right certificates (red books) to competent authorities on behalf of buyers or lease-to-own tenants (excluding cases where buyers/tenants voluntarily handle procedures) will face penalties based on delay duration and violation severity.
Proposed fines escalate with delay length and number of affected units:
For delays of 50 days to 6 months: 30-50 million VND (under 50 units); 50-80 million VND (50-200 units); 80-160 million VND (200+ units).
For delays of 6-12 months: 160-200 million VND (under 50 units); 200-300 million VND (50-200 units); 300-500 million VND (200+ units).
For delays over 12 months: 200-300 million VND (under 50 units); 300-500 million VND (50-200 units); 500 million to 1 billion VND (200+ units).
Violation periods are calculated from handover date or full payment date (lease-to-own) until administrative violation documentation.
Additional Penalties for Real Estate Violations
The draft also imposes heavy penalties for other real estate violations, including operating without proper business registration.
Conducting real estate business without a registered company/cooperative incurs 120-160 million VND fines. Non-compliant registered businesses face 160-200 million VND fines, with potential 3-6 month business suspension.
Improper fee collection carries 500-600 million VND fines. Non-standard contract usage or pricing violations result in 180-260 million VND and 300-500 million VND fines respectively.
Unauthorized contract transfers for purchases/leases incur maximum 800 million to 1 billion VND penalties.
How is Land Use Fee Calculated When Issuing ‘Red Book’ for Land Used for the Wrong Purpose?
The tax authority has recently clarified the calculation method for land use fees when households or individuals with land law violations prior to July 1, 2014, are considered for land title issuance.
Lost Original Records? Land Can Still Be Granted a Red Book
The Land Law permits the reprocessing of procedures provided there is a certified copy of the land origin documentation and local authorities confirm the absence of any disputes.
“Virtual Land Subdivision Project Scam Lands Company with Over Half a Billion Dong Fine”
Dong Quan LAND Co., Ltd. has been fined 505 million VND for multiple violations in its real estate business operations in Ha Tinh province.
Real Estate Firm Fined Over $22,000 for Misrepresenting Property Information
While there are no legitimate land plot projects in Toàn Lưu Commune, Hà Tĩnh Province, Đông Quân Land has fabricated a project to artificially inflate prices and sell land under false pretenses.
Is a Land Map Extract Required for Your ‘Red Book’ Application?
Navigating the process of obtaining a Land Use Rights Certificate (commonly known as the “Red Book”) often leaves individuals questioning whether submitting a land map excerpt from the cadastral map is mandatory.
