Risk of losing land when trading land without red book under new law

Phương Anh |

Land transfer transactions without a red book according to the 2024 Land Law can lead to many serious legal consequences.

Speaking with Lao Dong reporter, lawyer Truong Anh Tu (TAT Law Firm) said that according to the 2024 Land Law No. 31/2024/QD-CP, land transactions without a land use right certificate (red book) can lead to many serious legal consequences including:

Transaction is considered void

According to regulations, one of the conditions for legal land transfer is to have a land use rights certificate. Without a red book, the transfer transaction will be considered invalid (without legal value).

In case of land transfer transactions without a red book, the parties must return the property or value received; If the land has been transferred many times, resolving the consequences will be complicated and disputes will easily arise.

Land buyers without red books will not be protected by law.

Therefore, land buyers without a red book will not be granted a land use right certificate; cannot carry out land-related procedures such as mortgage, transfer or donation; and risk losing the entire property if the transaction is canceled.

However, according to Article 137 and Article 1136 of the 2024 Land Law, land without a red book can still be granted a certificate if it falls into the following cases:

- Have documents proving land use rights from before October 15, 1993.

- Stable land use, no disputes, in accordance with planning.

How to process completed transactions

- The parties may negotiate to cancel the transaction and return the property.

- If a dispute arises, it is possible to request the Court to resolve it, but it will take a lot of time and money.

- The seller must complete the certification procedure before making the official transaction.

In addition, lawyer Truong Anh Tu also advised people to check the legality of the land such as asking the seller to provide full documents proving legal land use rights; Check the land use planning at the competent People's Committee or the Land Registration Office.

Comply with legal procedures: notarize and authenticate transfer contracts at competent authorities; Fully perform financial obligations (registration fees, personal income tax).

Phương Anh
TIN LIÊN QUAN

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Regulations on granting red books after revocation

Huy Hùng |

Article 46 of Decree 101/2024 stipulates the issuance of Certificates of land use rights (red books) and ownership of assets attached to land after revoking the Certificates specified in Point d, Clause 2, Article 152 of the Land Law.

Violations of buying and selling land without red book can be fined up to 100 million VND

Phương Anh |

Buying and selling land without a red book can be fined up to 100 million VND.

Penalties for transferring land without a red book

Phương Anh |

The following types of land will be punished according to the law if the land is transferred without a red book.