Law No. 761-I on condominiums.
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Date of publication
December 1998
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ISBN / Resource ID
LEX-FAOC049999
Pages
1
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Condominium is a non-commercial organization that is set up by a half of the constituent assembly of the owners of housing facilities in a single or several compactly situated residential palaces united by common plot of land and elements of infrastructure or in a single block-section of a residential palace provided with a separate entrance. The Law consists of 27 articles. Land plots shall be conceded to the condominiums on condition of permanent tenancy. Size ceiling of the plots of land shall be determined by the local self-government in conformity with the construction norms (art. 10). Common property of a condominium shall pertain to common share holding property except for the plots of land (art. 11).
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