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Authorizing another person to sell real estate is a convenient solution when property owners are unable to conduct transactions directly. However, unclear provisions regarding the scope of authority, transfer price, payment methods, and the responsibilities of the parties may expose property owners to legal risks and property-related disputes.
Under Vietnam's 2015 Civil Code, an authorization agreement establishes the rights and obligations of the parties. Therefore, verifying the property's legal status, reviewing contractual terms, and clearly defining the authorized representative's powers are essential considerations.
GIVLAW provides legal consultation, authorization agreement review and drafting, real estate legal due diligence, and support in resolving disputes arising from property transactions.
Contact GIVLAW for professional legal advice and assistance in protecting your lawful rights and interests.