What Bona Fide Possession of Property in Vietnam is and How the Rights Are Protected?
What is Bona Fide Possession of Property in Vietnam? Bona fide possession of property in Vietnam is the possession in good faith which means the possession that the possessor has bases to believe that he/she has the right to the property in Vietnam under his/her possession. Bona fide possessor is protected by the law on property rights. Owning this type of property might be subject to many potential disputes which parties should consult with dispute lawyers from time to time to understand his/her rights to the property. What Are the Rights of Bona Find Possessor? According to the Civil Code, a person possessing in good faith, continuously and overtly shall be eligible for prescriptive periods for enjoying the rights and enjoy the yield and income derived from the property as prescribed in this Code and relevant laws. A person possessing in good faith is entitled to protect his/her rights and his right to possession when meeting specific conditions. Before a third person ent...