Legality of the Eaton Park Project: What Customers Need to Know
1/19/2024 8:03:38 AM
Legality of the Eaton Park Project
Eaton Park is a luxury apartment project located in a prime location in Thu Duc City, developed by Gamuda Land Vietnam - One of the Most Reputable and Experienced Investors in the Real Estate Market. The Eaton Park Project not only provides customers with classy amenities, but also has complete, transparent and clear legality.
The legality of a real estate project is a collection of papers, documents, and decisions related to ownership, use rights, mortgage rights, management rights, selling rights, leasing rights, etc. of that project. The legal status of a real estate project must be granted by competent state agencies, and must comply with the provisions of law.
The Eaton Park project has all the necessary legal licenses to ensure customers' rights. Currently, the legal licenses for the Eaton Park project include:
License Name
Date of issue
Issuing agency
Content
Business registration certificate
September 20/2016
Ho Chi Minh City Department of Planning and Investment
Confirming information about investor Tam Luc
Decision on investment policy
January 25/2021
Ho Chi Minh City People's Committee
Approved the investment policy of the Eaton Park project
Detailed planning 1/500
December 14/ 2021
Ho Chi Minh City People's Committee
Approved the detailed planning map of the Eaton Park project
Decision on land allocation and change of land use purpose
January 12/ 2022
Ho Chi Minh City People's Committee
Decision on land allocation and change of land use purpose of the Eaton Park project
Construction permit
February 17/2023
Ho Chi Minh City Department of Construction
Allows construction of the Eaton Park project
Significance of Legal Finalization for the Eaton Park District 2 Project
Legal perfection is one of the important factors that cannot be overlooked when buying and selling an Eaton Park Gamuda Land apartment building, because it affects the rights and peace of mind of customers. Legal perfection has the following meanings:
Guaranteeing Customer's Ownership, Usage and Mortgage Rights:
Complete legal rights help customers have full ownership, use rights and mortgage rights to their apartments. This means customers can freely use, sell, rent, inherit, rename, etc. your apartment without encountering any legal trouble.
In addition, customers can also easily borrow money from banks to buy apartments, because the bank will trust the legality of the project and allow customers to mortgage the apartment to borrow capital. For example, if a customer wants to borrow money from a bank to buy an Eaton Park apartment, the customer only needs to provide the following documents:
Eaton Park apartment purchase and sale contract
Certificate of housing ownership and residential land use rights (pink book) of Eaton Park apartment
Documents proving the customer's income and financial capacity
The bank will review and approve loans to customers at preferential interest rates, and customers will mortgage the Eaton Park apartment to secure the loan.
Protecting Customers' Rights Before the Law:
Complete legal rights help customers have their rights protected by law in the event of a dispute. If there are any legal issues related to the Eaton Park apartment project, customers can rely on legal licenses to resolve them legally and fairly. For example, if a third party claims ownership of the customer's Eaton Park apartment, the customer can prove their ownership by providing the following documents:
Eaton Park apartment purchase and sale contract
Certificate of housing ownership and residential land use rights (pink book) of Eaton Park apartment
Decision to allocate land and change land use purpose of the Eaton Park project
Detailed planning 1/500 of the Eaton Park project
These documents will prove the customer's ownership rights before the law, and a third party will not be able to appropriate the customer's Eaton Park apartment.
Creating Peace of Mind for Customers When Buying and Selling Projects:
Complete legality helps customers feel secure when buying and selling projects, avoiding unnecessary risks. Customers do not have to worry about the project being delayed, withdrawn, disputed, violated, etc. Customers also do not have to bear any additional legal costs of the project. For example, if the Eaton Park apartment complex is delayed due to lack of construction permits, customers will suffer damages such as:
Waste of time waiting for home handover
Lose bank interest if you borrow money to buy an apartment
Loss of investment opportunities in other projects
Loss of credibility and trust with investors
But with the completed legal status of the Eaton Park apartment, customers do not have to worry about these risks, because the project has full construction permits and ensures the house handover schedule according to the contract.
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