Presidential Decree No. UP-3780 on privatization of land plots occupied by buildings and constructions of legal persons and citizens.
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LEX-FAOC070913
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1
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With a view to ensure purposeful and efficient land use, and also for the development of housing and mortgage market, the President decrees to authorize privatization by legal persons of land plots on which buildings and constructions are located from 1 January 2007. Long-term lease contracts applicable to the plots of land that have not been privatized in accordance with the above-mentioned modalities shall be subject to re-registration. Natural persons shall be authorized to privatize land plots allocated thereto for individual housing construction from 1 January 2008. The privatized land plots shall not be restricted in land rights regarding purchase and sale, exchange, donation, inheritance, lease, mortgage and land based credit.
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