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The Government will revise the law on property registration
The Committee on Economic Policy recommends that the Parliament adopts the Bill on Amendments to Some Laws of Ukraine regarding State Registration of Rights to Real Estate and their weights. Bill number 7244) proposes to amend the Law "On state registration of real estate rights and encumbrances, to harmonize its provisions with the provisions of the Civil and Commercial Codes of Ukraine. At the meeting, the Committee noted that "the project goal is settlement of the transitional period of registering real estate rights and encumbrances. " Thus, it is supposed to establish that the transitional period up to 2012 are subject to compulsory state registration of rights to immovable property, arising out of the employment contract (lease) a building or other major constructions (parts thereof), which consist of not less than three years.
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