President of Ukraine Volodymyr Zelensky has signed law No. 2195 on amending the Land Code of Ukraine and the law “On land lease” regarding the sale of state and municipal land plots or rights to them at electronic auctions, the parliament’s website said on Thursday.
Law No. 2195, which the parliament adopted on May 18, ensures publicity and transparency of the sale and transfer for use of land plots of state and communal property in the electronic system of auctions conducted on the Internet in the format of an auction in real time.
The document specifies that land tenders will be held in accordance with the agreement between the organizer of the tenders and the operator of the electronic platform. The decision to hold a land auction will be made by their organizer, indicating the starting price of the lot, the term and other conditions for the use of the land plot, as well as the person authorized by him to conclude the relevant contract.
The amount of remuneration to the operator of the electronic platform, the procedure for its payment and return, as well as other details of the organization of land auctions will be determined by the Cabinet of Ministers of Ukraine in the future in accordance with the established procedure.
Based on the results of the auction, a contract of purchase and sale, lease, development rights or inheritance of the land will be concluded with the participant who offered the highest price (price offer) for the land plot or the highest payment for its use.
As reported, according to the explanatory note to the document, the adoption of Law No. 2195 will optimize the legislation on the sale and transfer of land plots of state and municipal property for use, improve and speed up the mechanisms and procedures for its sale and transfer, increase the economic efficiency of auctions and increase receipts in state and local budgets.
