The Cabinet of Ministers of Ukraine has adopted a resolution which introduced the procedure for extending the law “On guaranteeing the rights to real estate objects that will be built in the future”, the head of the party “Servants of the People”, MP Elena Shulyak said.
“Ukraine has created a legal mechanism for the state to guarantee the rights to objects of unfinished construction and future real estate. Our #5091 in action! “, – wrote Shulyak in Facebook.
Implementation of this law will protect people investing in the construction of apartments, from disadvantaged developers (which, in particular, is extremely important in the reconstruction of the country after the war). The developer who wants to sell the apartments, garage boxes, other residential and non-residential premises or parking spaces must necessarily register each of these objects as a special object of property rights in the section of the register of real rights. Also, the developer must disclose detailed information about the object of construction, data about himself and the ultimate beneficiaries.
“A transparent primary real estate market and restoration of trust in construction companies is our common small internal victory,” said Shulyak.
She specified to Interfax-Ukraine agency that the corresponding section of the register is expected to be launched on June, 16.
As it was reported, the president of Ukraine Volodymyr Zelenski signed the law “On guaranteeing property rights to real estate that will be built in the future” on September 8, 2022 to protect the rights of investors in new housing.
The corresponding bill #5091 was passed by the Verkhovna Rada on August 15.
