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The Parliament has eased the procedure for the registration of title for real estate
PwC, Kyiv, Ukraine
Fri, Nov, 27, 2015
On 26 November 2015 the Parliament adopted the Law on amendments to the Law of Ukraine “On State Registration Of Rights To Real Estate And Their Encumbrances” and certain other legislative acts governing this area (hereinafter – the “Law”*).
The amendments adopted are aimed at easing registration of title for real estate and its encumbrances (hereinafter – the “Title registration”).
In particular, amendments envisage the following:
- the title for the real estate will be registered by (1) the executive offices of municipal authorities, (2) special accredited entities, (3) notaries and (4) the state enforcement officers;
- the administrative procedure for challenging decisions/actions/inactivity related to the Title registration is introduced; it will be realized on the territorial and central levels via respective departments of the Ministry of Justice of Ukraine;
- the administrative liability in the form of fine for violation of the procedure for the Title registration is established.
The Law will become effective after its signing by the President and official publication, except for certain provisions thereof, which become effective on 1 January 2016.
* Draft Law of Ukraine “On Introducing Amendments To The Law Of Ukraine “On The State Registration Of Rights To Real Estate And Their Encumbrances” And To Certain Other Legislative Acts Of Ukraine Regarding Decentralization Of Powers Related To State Registration Of Rights To Real Estate And Their Encumbrances” No. 2982 dated 02 June 2015.
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