4 forms of compensation when the State recovers land
Below are 4 forms of compensation when land recovery (as prescribed in Clause 2, Article 91 of the Land Law 2024).
Specifically:
+ Land allocation has the same use purpose as the recovered land. In case there is no land for compensation, compensation will be made in money according to the specific land price of the type of land recovered as decided by the competent People's Committee (People's Committee) at the time of approving the compensation and support plan. , resettlement.
+ In case the person whose land is recovered needs monetary compensation, they will be compensated in cash according to their wishes.
+ People whose land is recovered need to be compensated with land that has a different use purpose than the recovered land and the locality has a land fund, then they will be considered for compensation with land that has a different use purpose.
+ People whose land is recovered need to be compensated with housing. If the locality has a housing fund, they will be considered for compensation with housing.
In addition, according to Clause 7, Article 91 of the Land Law 2024, when the State recovers land, if the remaining area of the land plot is smaller than the minimum area prescribed by the Provincial People's Committee, if the land user agrees If the land is recovered, the competent People's Committee will recover, compensate, support and manage this land area according to the provisions of law.
Thus, adding two forms of land compensation when the State recovers will create favorable conditions for people with land to quickly resettle and stabilize their lives.
The time people receive compensation when the State recovers land
According to the provisions of Article 94 of the Land Law 2024, compensation, support and resettlement funds are guaranteed by the State.
Compensation agencies, units and organizations must pay compensation and support to people whose land is recovered and property owners within 30 days from the date of decision approving the compensation plan. Support and resettlement take effect.
If payment is late, the compensation recipient will be entitled to additional late payment interest calculated on the amount received and the time of late payment.
If the compensation, support, and resettlement plan must be edited (including editing land and related asset prices), then when the compensation, support, and resettlement plan is issued, the land price and asset price will be adjusted. recovery is lower than at the time of approval, the compensation price according to the approved plan will be applied. Other contents other than land prices still comply with the provisions of law.
In case the person whose land is recovered, the property owner does not receive money according to the approved compensation, support, and resettlement plan or the recovered land or recovered assets are in dispute, the compensation will are deposited into a bank account at a non-term interest rate. Interest from compensation and support is paid to people with land use rights and property owners.
