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What do you need to notarize a rental contract in Vietnam?
Legal serviceProperty & Finance

What do you need to notarize a rental contract in Vietnam?

by Quang Minh
written by Quang Minh

LSX legal firm has received a question from our customer: “I just rented a house as a place to open a business for 3 years. However, I and the landlord did not notarize this contract. So, does my rental contract violate the law? In case I have to necessary to notarize the contract, what is the need for notarization of the rental contract?”
In this article, LSX legal firm will provide you with information to answer the question: “What do you need to notarize a rental contract in Vietnam?”

  • Law on Housing 2014
  • Law on Notarization 2014
  • Circular 257/2016/TT-BTC

Do you have to notarize the rental contract?

Clause 2, Article 122 of the Law on Housing 2014 stipulates that:
Regarding transactions in giving houses of gratitude; sale or lease purchase of state-owned housing; sale or lease purchase of social housing, housing serving the relocation; contributed housing which one entity of contracting parties is an organization; housing lease, lending, permission for stay, or authorization of housing management, it is not required to notarize or authenticate the agreement, unless contracting parties wish to notarize or authenticate the agreement.
Therefore, the parties must make a house lease contract in writing but do not require notarization or authentication, unless requested by the contracting parties. Although the current law stipulates that housing rental contracts are not required to be notarized or authenticated, contracting parties need to carefully consider whether it is necessary to notarize the contract, especially when entering into a high-value contract.
In case the parties entering into a house lease contract do not need notarization or authentication, whether or not to ask witnesses, the contract will have its validity, if such contract complies with the provisions of content and form as prescribed in Article 121 of the Law on Housing 2014.

What do you need to notarize a rental contract?

According to Clause 1, Article 40 of the Law on Notarization 2014, when notarizing a rental contract, the person requesting notarization needs to prepare the following documents:

  • Firstly, a notarization request containing information on the full name and address of the notarization requester, contents to be notarized, and list of enclosed papers; the name of the notarial practice organization, the full name of the dossier recipient, and time of dossier receipt;
  • Secondly, the draft contract or transaction;
  • Thirdly, a copy of the personal identity paper of the notarization requester;
  • Fourthly, a copy of the ownership certificate or use right certificate or its substitute paper as permitted by law for assets subject to ownership or use right registration under law, in case the contract or transaction is related to those assets;
  • Lastly, copies of other papers related to the contract or transaction as required by law.

The main content of a rental contract

The contracting parties shall conclude the agreement of house leasing in writing, including:

  • Full names of individuals, names of organizations, and addresses of contracting parties;
  • Description of characteristics of the house and the piece of land attached to that house. Regarding agreements on apartment sale or lease purchase, contracting parties must state the common areas or common-using areas; private areas; floor areas; purposes of the common areas or common-using areas in the apartment building according to approved design;
  • The value of contributed capital, the transaction price of housing if there is a term on pricing in the agreement; regarding transactions in housing sale, lease, or lease purchase which is regulated pricing by the State, contracting parties shall comply with that regulations;
  • Deadline for and method of payment regarding transactions in housing sale, lease, lease purchase, or transfer of agreements on housing sale;
  • Deadline for housing transfer; housing warranty duration regarding transactions in buying or renting and buying a new house; terms of agreements on housing lease, lease purchase, mortgage, lending, permission for stay, authorization of housing management; deadline for capital contribution;
  • Rights and obligations of contracting parties;
  • Commitments of contracting parties;
  • Other agreements;
  • The effective date of the agreement;
  • Date of agreement;
  • Signatures and full names of contracting parties, stamps (if any), and positions of the signatories regarding organizations.

Notarization fee of the rental contract

Fees for notarization of lease of land use right, lease of residential house, lease or sublease of property:

No. Value of property or value of contract/transaction (total rent)Fee (VND/ case)
1Less than VND 50 millionVND 40 thousand
2From VND 50 million to VND 100 millionVND 80 thousand
3From more than VND 100 million to VND 01 billion0.08% of the value of property or the value of contract/transaction
4From more than VND 01 billion to VND 03 billionVND 800 thousand + 0.06% of the portion of the value of property or the value of contract/transaction in excess of VND 01 billion
5From more than VND 03 billion to VND 05 billionVND 02 million + 0.05% of the portion of the value of property or the value of contract/transaction in excess of VND 03 billion
6From more than VND 05 billion to VND 10 billionVND 03 million + 0.04% of the portion of the value of property or the value of contract/transaction in excess of VND 05 billion
7More than VND 10 billionVND 05 million + 0.03% of the portion of the value of property or the value of contract/transaction in excess of VND 10 billion (the maximum fee shall be VND 8 million/ case)

LSX legal firm provides legal services to clients in various legal areas. To make your case convenient, LSX will perform:

  • Legal advice related to new regulations;
  • Representing in drafting and editing documents;
  • We commit the papers to be valid, and legal for use in all cases;
  • Represent to submit documents, receive results, and hand them over to customers.

With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.

Furthermore, using our service, you do not need to do the paperwork yourself; We guarantee to help you prepare documents effectively and legally.

Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.

After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

Contact LSX

Finally, hope this article is useful for you to answer the question about “What do you need to notarize a rental contract in Vietnam?”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: hoangson@lsx.vn

Is a deposit required to rent a house?

A rental agreement does not require a deposit. The renter and the lessor have the right to agree or not to agree on the deposit in the contract. The deposit is only to ensure that the parties in the contract perform their obligations properly.

How does the law defines rental contract?

According to Article 472 of the Civil Code 2015, contract for lease of property means an agreement between parties whereby a lessor delivers property to a lessee for use during a fixed term and the lessee is required to pay rent.
Lease contracts of houses or lease contracts of houses for other purposes shall comply with this Code, the Law on Housing and relevant laws.

How to know the landlord has the right to sign the agreement when not notarizing the rental contract?

In this case, the renter needs to ask the lessor to show the land use certificate to determine their ownership. If the lessor’s name is not on the certificate of land use rights, own houses, and other assets attached to the land, the renter should ask them to provide a power of attorney or contract to see if the content of the authorization allows the person to sign in the agreement has the right to enter into a rental contract?

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Settling disputes between co-owners of land in Vietnam
Legal serviceProperty & Finance

Settling disputes between co-owners of land in Vietnam

by Quang Minh
written by Quang Minh

Co-ownership disputes are a fairly common form of dispute today. The settlement of co-owned property, also known as common property, must have the consent and agreement of the owners. However, when owners have conflicts and can not come to an agreement, a third party will get involved and settle the case. In this article, LSX legal firm will inform you: “Settling disputes between co-owners of land in Vietnam”

  • Circular 23/2014/TT-BTNMT
  • Civil Code 2015

Co-owners of land use certificate

Clause 1, Article 207 of the Civil Code 2015 stipulates that:

“1. Multiple ownership means ownership of property by more than one owner.

2. Multiple ownership comprises ownership in common and joint ownership.”

So, co-owners of land use certificate have the right to manage, decide and use the land.

In the case of co-owned houses, the co-owners have the form of ownership as joint ownership in parts. Whereby:

  • A co-owner will have a certain part of the right to the house and have rights as well as obligations to this house in proportion to his or her ownership unless otherwise agreed.
  • The share of rights may or may not be equal.
  • The right to manage, use and dispose of co-owners must comply with the conditions prescribed in Articles 216, 217, 218, and 219 of the Civil Code 2015 to ensure the common interests of all co-owners. 

Procedures to apply for a red book of a co-owner

Clause 3, Article 5 of Circular 23/2014/TT-BTNMT dated May 19, 2014 provides for certificates of land use rights, ownership of houses, and other land-attached assets:

Article 5. Recording information on land user or owner of properties associated with the land is specified in page 1 of Certificate

Where the land parcel which the organizations, households, or individuals are using or owning the properties associated with the land, except for cases specified in Clause 4 of this Article, the Certificate is issued to each organization, household, or individual after the land use right and ownership of properties associated with the land is defined.
In each Certificate, write all information on the person issued with the Certificate under the provisions in Clause 1 of this Article, then write “sharing the use of land or ownership of properties associated with the land (or sharing the use of land or ownership of properties) with…(specify the name of remaining persons sharing the land use right or ownership of properties associated with the land)”.
Where the land parcel which many organizations, households, or individuals are using or own the properties associated with the land and have a written agreement upon the issue of one Certificate to a representative (with a certificate from the notary public or certification under regulations of law), the Certificate is issued to such representative. In the Certificate, write information on the representative as specified in Clause 1 of this Article, and on the next line, write “Being the representative for the persons sharing the use the land (or sharing the ownership of properties associated with the land or sharing the use of land and sharing the ownership of properties associated with the land) including:….(specify names of the persons using land or properties associated with the land)”.
…

Form of issuance of certificate of ownership

Under the current regulations, the legal document to confirm ownership is the certificate of ownership of houses and other property on land (also known as the pink book).

2 types of certificate of ownership:

  • A separate certificate: a separate certificate of the owner with a separate plot number, a separate map plot number, and the person whose name on the book has the right to decide the purpose of use in accordance with the provisions of the law.
  • A joint certificate: a certificate of joint ownership with many owners who do not have a spouse or child relationship with the other owners.

Clause 2, Article 98 of the Law on Land 2013 stipulates that for a land parcel used by several land users or for the houses and other land-attached assets owned by several owners, the certificate shall contain the names of all involved persons, and each person shall have one certificate. At the request of the land users or owners, only one certificate may be granted to all of them and delivered to the representative.

Thus, if a house has many people sharing the same land use right, there are two forms of granting a certificate:

  • Firstly, issue a certificate to each individual after determining each person’s land use rights and ownership of land-attached assets;
  • Secondly, issue a joint certificate if the land users have a written agreement (notarized or authenticated according to the provisions of law).

Co-ownership dispute resolution procedures

If the parties cannot reach an agreement or conciliation to resolve the co-ownership dispute, they may request a competent court to settle the dispute.
The court will handle co-ownership disputes similarly to other land disputes. However, all owners of the house recorded in the certificate must participate in the proceedings to resolve the case.
In case the involved parties can not determine their own portion of the common property and request the Court to settle the division of such common property, each involved party shall bear the preliminary court costs corresponding to the value of the common property they enjoy under the provisions of Clause 2, Article 147 of the Civil Procedure Code 2015.

LSX legal firm provides legal services to clients in various legal areas. To make your case convenient, LSX will perform:

  • Legal advice related to new regulations;
  • Representing in drafting and editing documents;
  • We commit the papers to be valid, and legal for use in all cases;
  • Represent to submit documents, receive results, and hand them over to customers.

With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.

Furthermore, using our service, you do not need to do the paperwork yourself; We guarantee to help you prepare documents effectively and legally.

Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.

After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

Contact LSX

Finally, hope this article is useful for you to answer the question about “Settling disputes between co-owners of land in Vietnam”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: hoangson@lsx.vn

Do co-owners of a land have equal rights to each others?

Co-owners have equal rights in exploiting the utility, enjoying the benefits and profits from the common property, unless otherwise agreed.

Does the sale contract of a co-own house need notarization and authentication?

Contracts for lease, sub-lease of land use rights, land use rights and land-attached assets, contracts for conversion of agricultural land use rights; contracts for the transfer of land use rights, land use rights as well as assets attached to land in which one party or the parties to the transaction is a real estate business organization notarized or authenticated at the request of the parties.

Information of land use certificate on the duration of ownerships?

– In case of house buying with definite duration under regulation of law on house, write the date, month and year of ownership expiration under sale contract or under regulation of law on house;
– In case of house ownership on land leased or borrowed from another land user, write the date, month and year of leasing or borrowing expiration;
– Other remaining cases without definite duration: write “-/-“.

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Do you need marital status certificate to make red book in Vietnam?
Legal serviceProperty & Finance

Do you need marital status certificate to make red book in Vietnam?

by Quang Minh
written by Quang Minh

Recently, LSX legal firm has received a question from our customer:
“I have a large amount of money and have bought a piece of land. I need to apply for a red book, but people told me that I need a certificate of marital status to carry out this procedure. Do I really have to certify my marital status for a red book?”
In this article, we will help you to answer the question: “Do you need marital status certificate to make red book in Vietnam?”

  • Decree 123/2015/ND-CP
  • Law on Land 2013
  • Law on Marriage and Family 2014

The certificate of marital status

As mentioned, Certificate of marital status means a type of document issued by the People’s Committee of the commune where the citizen permanently resides. Obviously, it plays an extremely important role, such as to confirm single or married status for various purposes as required by the applicant.
Certificate of marital status is not only used for marriage but also used for many different purposes. However, for each different purpose, the competent authority will have different ways of recording and requesting.
In case the applicant for a certificate of marital status gets married, in this case, the civil status officer will only issue one copy to the requester.
In addition, the content of the certification must clearly state the full name, date of birth, nationality, identification papers of the person intending to get married, and the place where the marriage is registered.
Particularly for the case that has been granted a certificate and then wants to re-issue it but cannot re-submit it. At that time, the requester must present the reason for not being able to return the Certificate of marital status.

Dossiers needed for transfer of land use right certificate (red book)

When carrying out procedures for transferring land use rights, one of the mandatory procedures is to notarize the transfer contract. Therefore, the transferer and transferee need to prepare a set of dossiers required for notarization as follows:

Transferer:

  • Certificate of land use rights, ownership of houses, and other assets attached to land (Red Book).
  • Identity documents: Identity card or passport with the expiry date remaining.
  • Household registration book.
  • Documents proving the marriage relationship.
  • Sale authorization contract (if any).

Transferee:

  • Notarization request form.
  • Identity documents: Identity card or passport with expiry date remaining.
  • Household registration book.
  • Documents proving the marriage relationship:
  1. Certificate of marital status (certificate of singleness) if unmarried or divorced.
  2. Marriage certificate if married.

In addition to the above documents, the parties can prepare a transfer contract in advance.

In conclusion, a certificate of marital status (certificate of singleness) in case he is not married is required to complete the notarized dossiers of the land use right transfer contract.

After notarizing the contract, you need to prepare documents to transfer the name of the Red Book.

Do you need marital status certificate to transfer red book?

For cases where an individual did not enter into marriage or has divorced under a court judgment; a certificate of marital status is required as a basis for granting a land use right certificate.
The Law on Land 2013 requires the marital status certificate for transferring the name on the land use right certificate. Therefore, if you want to carry out the procedures for transferring the name on the Certificate of land use rights, ownership of houses, and other properties attached to the land from the transferer to you, you must have this paper in your transfer contract. Currently, the law does not give an exact definition of a certificate of marital status, but in the most general sense, you can understand it as a basis to prove that at the time of certification, that individual has eligibility for marriage according to the provisions of the Law on Marriage and Family 2014.

Procedures for issuing certificates of marital status

  • An applicant for a certificate of marital status shall submit an application. If the application for a certificate of marital status submitted for the marriage purpose, the applicant shall satisfy all conditions for marriage as prescribed in the Law.
  • If the applicant for a certificate of marital status entered into marriage before but obtained divorce then, or his/her spouse died, he/she must present or submit valid documents proving such status; in case of the circumstance prescribed in Clause 2 Article 37 of this Decree, a respective copy of vital records required.
  • Within 3 working days from the date of reception of satisfactory application, the civil status official shall verify the applicant’s marital status. If the applicant meets all conditions and the issuance of certificate of marital status complies with law, the civil status official shall request the President of People’s Committee to issue one certificate of marital status to the applicant. Contents of certificate of marital status shall be consistent with the applicant’s current marital status and purpose of the certificate.
  • If the applicant has registered permanent residence in multiple places, he/she must prove his/her marital status. If the applicant fails to produce such evidence, the civil status official shall report it to the President of People’s Committee of commune; the President shall request People’s Committees of communes where the applicant had registered permanent residence in writing to verify the marital status.
  • Within 3 working days from the date of reception of written request, the requested People’s Committee shall verify and respond in writing to the requesting People’s Committee in terms of the applicant’s marital status during his/her residence in the commune.
  • As soon as practicable after receiving such response, if there are substantial grounds, the People’s Committee of commune shall issue a certificate of marital status to the applicant.

LSX legal firm provides legal services to clients in various legal areas. To make your case convenient, LSX will perform:

  • Legal advice related to new regulations;
  • Representing in drafting and editing documents;
  • We commit the papers to be valid, and legal for use in all cases;
  • Represent to submit documents, receive results, and hand them over to customers.

With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.

Furthermore, using our service, you do not need to do the paperwork yourself; We guarantee to help you prepare documents effectively and legally.

Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.

After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

Contact LSX

Finally, hope this article is useful for you to answer the question about “Do you need marital status certificate to make red book in Vietnam?”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: hoangson@lsx.vn

Price for a marital status certificate in Vietnam?

According to Clause 3, Article 3 of Circular 85/2019/TT-BTC; the price for civil status is a fee that falls under the competence of the provincial People’s Committee.
On the other hand, Point c, Clause 2, Article 5 of Circular 85/2019/TT-BTC stipulates the base for determining fee and charge rates as follows:
Based on socio-economic conditions in the locality where the service arises, the Provincial People’s Committee shall stipulate appropriate fees and charges.

Validity of certificate of marital status?

A certificate of marital status shall remain valid for 6 months from the date of issue.
The certificate of marital status shall be used for the purpose of marriage at a competent authority in Vietnam, or at a competent authority overseas, or for other purposes.
The certificate of marital status shall be invalid if being used for a purpose other than those specified in the certificate.

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How to calculate loan shark interest rate in Vietnam?
Legal serviceProperty & Finance

How to calculate loan shark interest rate in Vietnam?

by Quang Minh
written by Quang Minh

Loan sharking means an illegal form of lending. When applying for this kind of loan, people will not enjoy protection from the law. So, how does the law handle the sharking loan? In this article, LSX legal firm would like to provide you with information to answer the question: “How to calculate loan shark interest rate in Vietnam?”

  • Civil Code 2015
  • Decree 01/2021/ND-CP
  • Criminal Code 2015

The current maximum loan interest rate

According to Article 468 of the Civil Code 2015:

“Article 478. Interest rates

1. The rate of interest for a loan shall be as agreed by the parties.

The rate of interest for a loan agreed by the parties may not exceed 20% per year unless otherwise prescribed by law. According to actual conditions and at the proposal of the Government, the Standing Committee of the National Assembly shall adjust the above interest and send a report to the National Assembly at the latest session.

If the agreed interest exceeds the maximum interest prescribed in this Clause, the agreed interest shall become invalid.

2. Where parties agree that interest will be payable but fail to specify the interest rate, or where there is a dispute as to the interest rate, the interest rate for the duration of the loan shall equal 50% of the maximum interest prescribed in Clause 1 of this Article at the repayment time.”

Accordingly, the lending interest rate agreed by the parties must not exceed 20%/year of the loan amount.

How to calculate the loan shark interest rate?

The calculation of usury interest based on the amount borrowed with a simple and easy-to-understand calculation method. Interest will be calculated on a daily basis on the outstanding balance of VND 1,000,000.
For example, a loan shark with an allowance of 5 million VND charges interest of 2,000 VND per 1 million VND.
2,000 VND / 1 million x 5 = 10,000 VND / day for the total amount of 1 day interest.
In fact, there is not any formula for calculating usury rates, all calculations of gangsters are spontaneous. If anyone lends more than 20% interest per year, the law will consider it a loan shark. The formula to calculate the loan interest rate according to the standard day of the bank: DAY INTEREST = ACTUAL BALANCE X INTEREST RATE/365.
The formula for calculating usury interest: Total 1 day interest = Interest / 1,000,000 VND

Penalties for usury under the Criminal Code 2015

Article 201. Usury in civil transactions

Any person who offers loans at an interest rate that is five times higher than the maximum interest rate specified in the Civil Code and earns an illegal profit of from VND 30,000,000 to under VND 100,000,000 or previously incurred a civil penalty or has a previous conviction for the same offense which has not been expunged shall be liable to a fine of from VND 50,000,000 to VND 200,000,000 or face a penalty of up to 03 years’ community sentence.
If the illegal profit is VND 100,000,000 or over, the offender shall be liable to a fine of from VND 200,000,000 to VND 1,000,000,000 or face a penalty of 06 – 36 months’ imprisonment.
The offender might also be liable to a fine of from VND 30,000,000 to VND 100,000,000, and be prohibited from holding certain positions or doing certain works for 01 – 05 years.

Accordingly, the penalty level for usury in civil transactions:

  • A fine of between VND 50-200 million or non-custodial reform for up to 3 years for the crime of usury as above.
  • A fine of between VND 200 million and VND 1 billion or imprisonment from 6 months to 3 years if committing the crime and earning illegal profits of VND 100 million or more.
  • Besides, the offender may subject to an additional penalty of a fine of from VND 30 to 100 million, a ban from holding certain posts, practicing certain professions, or doing certain jobs from 1 to 5 years.

How will the proceeds from usury be handled?

Article 5 of Resolution 01/2021/NQ-HDTP stipulates the handling of objects and money directly related to this crime as follows:

Confiscate for state funds to:

  • Currencies and other assets used for lending loans;
  • The interest corresponds to the highest interest rate as prescribed by the Civil Code that the offender has collected from the borrower.
  • Money and other property that the offender has gained from the use of profits and other illegal revenues.

Return to the borrower the illicit profits that the offender has actually collected, unless the borrower uses the loan for illegal purposes such as gambling, illegal drug trading, fraudulent appropriation of property, etc. For these acts, the illicit profits will be confiscated to the state fund.

On the other hand, Article 6 Resolution 01/2021/NQ-HDTP stipulates:

Article 6 Resolution 01/2021/NQ-HDTP

1. In case the loan term has expired as agreed, the amount of illicit profits used to determine criminal liability includes interest and other illegal proceeds that the borrower must pay to the lender after deducting the loan amount corresponding to the highest interest rate prescribed by the Civil Code during the entire loan term.

2. In case the loan term has not expired but is detected, the amount of illicit profit used to determine criminal liability includes interest and other illegal proceeds that the borrower must pay to the lender after deducting the interest corresponding to the highest interest rate prescribed by the Civil Code in the time the competent authority detects and shuts it down.

Where the borrower has paid interest before the due date and other illegal revenues, the amount of illicit profits used to determine criminal liability includes interest and other illegal proceeds that the borrower actually paid to the lender after deducting the interest corresponding to the highest interest rate prescribed by the Civil Code.”

LSX legal firm provides legal services to clients in various legal areas. To make your case convenient, LSX will perform:

  • Legal advice related to new regulations;
  • Representing in drafting and editing documents;
  • We commit the papers to be valid, and legal for use in all cases;
  • Represent to submit documents, receive results, and hand them over to customers.

With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.

Furthermore, using our service, you do not need to do the paperwork yourself; We guarantee to help you prepare documents effectively and legally.

Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.

After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

Contact LSX

Finally, hope this article is useful for you to answer the question about “How to calculate loan shark interest rate in Vietnam?”. If you need any further information, please contact  LSX Law firm: +84846175333 or Email: hoangson@lsx.vn

Contracts for loan according to the Civil Code 2015?

Contract for the loan of property means an agreement between parties whereby a lender delivers property to a borrower. When the loan falls due, the borrower must repay the lender property of the same type in accordance with the correct quantity and quality, and must pay interest if so agreed or so provided by law.

How to sue for usury/loan shark?

The property loan contract has an agreement on the interest rate; interest on overdue principal; interest on overdue interest debt higher than the interest rate; interest on overdue principal; interest on overdue interest debt is prescribed by law, the interest rate, interest on overdue principal debt; then it has no effect.

Obligations of lenders when entering into a loan contract?

According to Article 465 of the Civil Code, obligations of lenders include:
1. Deliver the property to the borrower in full, strictly in accordance with the quality and quantity, and at the time and place, agreed.
2. Compensate the borrower for any damage where the lender knows that the property is not of the agreed quality but fails to notify the borrower, unless the borrower accepts the property with knowledge that the property is not of the agreed quality.
3. Do not demand the borrower to return the property prior to the due date, except in the cases provided in article 470 of this Code or relevant laws.

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