Vietnam Lease Requirements: Mandatory Terms and Formalities

Residential lease agreements in Vietnam must comply with the Civil Code 2015 and the Housing Law 2023 (effective Jan 1, 2025). Vietnam's legal system significantly distinguishes between domestic and foreign parties regarding property tenure.

Form Requirements

Mandatory Lease Terms

Every residential lease must include:

• Party Information: Full names, ID/Passport, and permanent addresses.
• Property Information: Exact address, usable area, and Ownership Certificate (Sổ đỏ/Sổ hồng) number.
• Financial Terms: Rent amount in VND only, payment schedule, and security deposit details.
• Duration: Specific start and end dates.

Special Provisions for Foreign Tenants/Owners

Under the Housing Law 2023 and the 2026 implementing regulations:

1. Ownership Duration: Foreign individuals can own residential property for an initial term of 50 years (extendable once for another 50 years).
2. Quota Limits: Foreigners cannot own more than 30% of the total apartments in a single condominium building, or more than 250 standalone houses in a single ward.
3. Currency Restriction: All price listings and payments must be in Vietnamese Dong (VND). Contracts using foreign currency (USD/EUR) as the primary transaction currency are legally void.
4. Temporary Residence: Foreign tenants must be registered with the local ward police within 24 hours of arrival.

Mini-Apartment Requirements (2026)

As of 2026, any multi-story building with 2+ units on a floor must comply with strict fire safety (PCCC) standards. Lease agreements for such units should reference the building's current PCCC certificate and "Pink Book" eligibility to ensure the property is legally fit for rental.