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NEWSLETTER OF 12.02.2013. Hereby we inform you on the main amendments to the Civil Code of the Russian Federation concerning real estate transactions registration.
DATE: February 12, 2013 | AUTHOR: atlawyers
From March 01, 2013, the effective date of changes to the Civil Code, state registration of transactions with real estate listed in the Second Part of the Civil Code (namely, sale and purchase of residential premises and enterprises, donation, sale with life annuity payments and lease) is no longer required. Such contracts shall be deemed as legally binding when executed by the parties, not when they are registered with Rosreestr (as under the present rule). Newsletter is available by link below:
Newsletter of 12.02.2013 Registration issues (ID 138504)