1. Procedure
(1.) Buyers should transact procedure at Foreign Construction Project, National Safety Examine and Approve Agency of Beijing.
(2.) Pay tax at local revenue.
(3.) Transact house property right certification and landowner certification at local County Resource and Housing Bureau. The mapping result or other materials should be transferred from developer at the same time. If buyers were foreigners or compatriot from Hongkong, Macao and Taiwan, and their names on passports were foreign ones, The Chinese name notarization should be done. And, if the buyers were youngsters, or the houses were shared, notarizations of common property right or legal guardian should be done.
2. Materials:
Certification of House Project Checking Eligibility, House-buying Contract and buyer’s ID card for foreign safeties examine and approve. ID card, house-buying Contract, invoice for paying tax. Mapping table, tax-paid certification and common repairing fund-paid certification are also need
. At last, foreigners must be careful when they choose real estate developer. A legal developer should have interrelated competency and certificate: one is the Corporation License offered by Industry and Commerce Administration, the other is the House Property Development Longevity Certificate.
Foreigners should choose legal developers who have these certificates when they buy houses. Buyers also should investigate developers’ register capital and achievements, the project’s Presale license, land-use Certificate, Construction Programming License and so on, to ensure that houses could be delivered and property right transfer procedure could be finished on time.
Foreigners do not know much about Beijing’s house market, so, in order to avoid troubles, various circumstances should be contained in the Contract, including ad, sale instruction and building’s condition. Only by this, buyers could have initiative if there was dissension.
Through all above you’ll see that, to transact house property right and landowner certificates is very complex. You have to contact many govern agencies, developers, and notarizations. And you also need many kinds of identifications or certifications. In order to avoid mistakes, buyers should entrust professional counselors.