Acquiring and Selling Real Estate in Russia (Up-to-date) | Worldwide Legal professionals Network

Crucial Points OF True ESTATE ACQUISITIONS Less than RUSSIAN Law –

I. Sorts of real estate –

• land plots

• properties, amenities, and other objects carefully related with land (i.e. objects that can’t be taken off devoid of detriment to their designation)

• constructions or developments under building

• objects qualified as true estate by procedure of legislation (registrable plane, ships, inland-waterways vessels)

• household and non-residential premises

• motor vehicle parking room.

Land plots and structures and constructions represent two separate kinds of true estate objects, according to Russian legislation. In apply, this usually means that a land plot and a building located on it symbolize two individual true estate goods and can be owned by distinct events and even on distinctive titles (for instance, ideal of ownership to the setting up and suitable of lease to the fundamental land plot owned by a different bash). Point out registration of title to buildings, constructions on the 1 hand and underlying land plots on the other hand, is carried out independently, as properly. Nonetheless, there is a basic principle of “unanimous destiny of land plot and objects carefully related to it” frequently regarded in Russian law according to which the setting up inseparably follows the underlying land plot (see for more information part VII).

Please see whole Chapter below for additional facts.