The red book does not limit the number of names
According to the provisions of Clause 2, Article 98 of the 2013 Land Law, the principles for issuing red books are as follows:
"For a land plot with many people sharing land use rights, many people owning houses and other assets attached to the land, the Certificate of land use rights, ownership of houses and other assets attached to the land must be Record the full names of people who share land use rights, who own houses and other assets attached to land and issue a Certificate to each person in case the user or owner requests If required, a single Certificate will be issued and given to the representative.
Thus, if a plot of land has multiple people sharing the right to use it, the full names of those people must be written on the red book (co-ownership red book). Except in cases where these people authorize a representative to sign the red book.
What should I do when selling a red book in the name of many people?
When one of the co-owners wants to transfer the co-owned land , the procedures for dividing the plot must be carried out according to regulations. After that, carry out procedures for issuance of red books and fulfill financial obligations according to current laws.
Note, the attached documents and contracts need to be notarized according to regulations.
At the same time, the separation of red books must meet the provisions of law, such as: conditions for separating red books, minimum area for separating red books, payment of fees...
The red book is in the name of many people, how to decide common property?
Article 218 of the 2015 Civil Code clearly stipulates that each joint owner has the right to dispose of his or her share of ownership rights.
+ The disposition of consolidated common property is carried out according to the agreement of the common owners or according to the provisions of law.
+ In case a joint owner sells his or her ownership rights, the other joint owner has the right of priority to buy.
+ In case one of the joint owners of real estate gives up his or her ownership rights or when this person dies without an heir, that ownership right belongs to the State, except in the case of private ownership. common property of the community is jointly owned by the remaining common owners.
+ In case one of the joint owners of movable property gives up his or her ownership rights or when this person dies without an heir, that ownership right will be jointly owned by the remaining owners. .
+ In case all owners give up their ownership rights to common property, the establishment of ownership rights shall apply according to the provisions of Article 228 of this Code.
