All participants must be enclosed between the construction of a notarized agreement on joint activities. "Our vision is to build a private house, but for an individual house is not enough money. Agreed with three other families. How to hedge? "- Paul Mashchenko, Kyiv
Advises the partner at the law firm Ilyashev & Partners Maxim Kopeychikov:
"In order to avoid intractable conflicts all participants must enter into an notarized agreement on joint activities. It specify the purpose, the stages of cooperation, the timing of implementation, cost sharing and responsibility, including financial, for the refusal of execution of the contract. Land for construction, according to Art. 86-88 of the Land Code and Sec. 1926 Civil Code, can be purchased in common share ownership. While in the contract of sale of land must be specified percentage ownership of each party. Then it is necessary to conclude a contract for services with stroyorganizatsiey for the erection of a house: the customers will all be participating, as town house will be divided into a predetermined part of each of the families. Sign a contract with the builders and will monitor its performance, or one of the participants or the third person acting for and on behalf of all 4 families. The order of construction financing must be provided in the ADDITIONAL AGREEMENT to the contract on joint activity. Well as a separate item, you can specify that the parties to the treaty, in case of violation of the schedule of funding are subject to fines. And if you do decide to withdraw from this project are not eligible to sell their property rights in the common ownership of land and property has been built without the written consent of the other co-investors. "