A bill to lease land creates a legal conflict

24.08.2010 15:30
"Ukrainian Credit-bank Union" (UCBU) finds that developed by the Ministry of Economy of Ukraine the draft law "On the back of the market the right to lease agricultural land" requires a substantial revision and enforcement of its rules into compliance with current legislation.<br /><br />This project is proposed to resolve the issue concerning the rights of lease for agricultural land. In particular, it is proposed to introduce mandatory public registration of lease rights, and the functions of state registration of lease rights to entrust OAO Oschadbank.<br /><br />Experts UCBU noted imperfections in the proposed draft regulation and the lack of a clear mechanism for implementation of legislation, and that the project is not defined the concept of solving problems on the settlement of which he directed.<br /><br />Thus, the proposed assignment to the JSC Oschadbank "responsibilities for the state registration of the lease is inappropriate, does not meet the current legislation and gives the financial institution uncharacteristic functions of public authorities, informed the publication UAbanker.<br /><br />"To date, the Land Code of Ukraine and the Law of Ukraine" On Land Lease "is already provided for state registration of rights to land and lease rights as an obligatory precondition for emergence of these rights. The functions of registration assigned to the structural units of the Centre of state land cadastre at State Committee of Ukraine, - noted the Director-General UCBU Galina Olifirov. - Thus, the bill provides a procedure for state registration, which will operate simultaneously with the installed system. This may cause a dispute as to what exactly is the procedure for state registration of lease rights and in what order to implement it.<br /><strong>www.zagorodna.com</strong><br />
Content tags: Legislation
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