Feedback

Law on land plots sale via electronic auctions officially published

Source : 112 Ukraine

The document will take effect in early July, after the launch of the land market
12:47, 25 June 2021

land plots sale
Open source

The official parliamentary newspaper Holos Ukrayiny published a law on the sale of land plots through electronic auctions, which the Verkhovna Rada passed on May 18.

The law provides for the introduction of the sale of land plots of state and communal property or rights to them through electronic auctions in the electronic trading system.

The law provides for the introduction of the sale of land plots of state and communal property or rights to them through electronic auctions in the electronic trading system.

Related: Ukraine’s parliament unblocks signing of law on land sale at electronic auctions

Bidding will be held in a single electronic trading system in the form of an electronic auction in real-time on the Internet, which will result in a contract of sale, lease, superficies of land with the winner of the land auction.

All lots must have photos of the land and contain information about the person who has a preemptive right to purchase the land.

According to the bill, land auctions will be conducted in accordance with the agreement between the organizer and the operator of the electronic platform, and the amount of payment to the operator will be set by the government.

The document establishes that the amount of the guarantee fee may not be less than 30% of the starting price of the land sale or the starting amount of the annual fee for the use of the land. It is proposed to change the conditions of non-refund of guarantee fees.

Related: Ukraine’s Constitutional Court to consider constitutionality of law on land sale market

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more