VIP Class Notes (Jacob)

Write about what you think are the biggest societal issues facing China now and if they are long term problems.

Stagnation – progress with almost no growth

Grammar

May don’t not have to

always make the a problem of dumping

after such a long time

Original 

In the event that you would like to purchase a commercial building in Shanghai, after you find a commercial building which can satisfy all your requirements on location, price, surrounds, etc., you may have to go through the following steps to carry out your purchase plan.

The first and most important step is to sign a real estate purchase agreement with the seller, which could be time consuming depending on negotiation between parties. Then you have to pay the purchase price to the seller. In order to secure both parties interests, you may choose to pay the purchase price to a third party’s independent account before you complete the registration regarding the transaction with competent authorities. For the registration, you and the seller may need to prepare required registration documents and submit them to Shanghai Real Estate Trading Center. The latter will review all documents and register you as the new property owner, provided that the documents are completed and correct. Once the registration is completed, you can pay relevant taxes with competent tax authority. The tax bureau will then issue a tax paid certificate, which is a precondition for you to apply a new real estate certificate. Obtaining the real estate certificate usually will be the final condition to pay the purchase price from the third party’s account to the seller.

When the seller receives the purchase price, the transaction between you and the seller shall be deemed completed.

Edited 

In the event that you would like to purchase a commercial building in Shanghai. after first you must find a commercial building which can satisfy all your requirements on for the location, price, surroundings, etc.. Then you may have to go through the following steps process to carry out your purchase plan.

The first and most important step is to sign a real estate purchase agreement with the seller, which could be time consuming depending on negotiation between parties. Then you have to pay the purchase price to the seller. In order to secure both parties interests, you may choose to pay the purchase price to a third party’s independent account before you complete the registration regarding the transaction with competent authorities. For the registration, you and the seller may need to prepare the required registration documents and submit them to the Shanghai Real Estate Trading Center. The latter will review all documents and register you as the new property owner, provided that the documents are completed and correct. Once the registration is completed, you can pay relevant taxes with competent tax authority. The tax bureau will then issue a ‘tax paid certificate’, which is a precondition for you to apply for a new real estate certificate. Obtaining the real estate certificate usually will be the final condition to pay the purchase price from the third party’s account to the seller.

When the seller receives the purchase price payment, the transaction between you and the seller shall be deemed completed.