Federal Law No. 20-FZ on amendments and addenda to the article 24 of the Federal Law on state registration of immovable property and its transactions.

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Russian

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LEX-FAOC024354

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This Federal Law modifies paragraph 1 of article 24 in the following manner: "In case of sale of a share in the common property to an outsider the owner must attach to the application form for the state registration the documentation confirming that the co-owners had been informed of the forthcoming transaction , of the price of share and the conditions of sale. In case of a written refusal of co-owners to acquire the share put on sale the transaction can be registered immediately, other wise the registrar must suspend the registration for a month from moment of forwarding the written notice to the co-owners. The dispute settlement of the issues originating from the state registration of a share in common property belong to the competencies of the Court."

Amends: Federal Law No. 122-FZ on state registration of immovable property and its transactions. (1997-07-21)

Legislation