Ownership Rights
In Ukraine, ownership rights over real estate are governed by the Civil Code of Ukraine and other relevant legislation. Here are some key points regarding ownership rights over real estate in Ukraine
Overview
Ownership Concept
The Civil Code of Ukraine recognizes the right to property ownership, including ownership of real estate. Ownership provides the owner with the exclusive right to possess, use, dispose of, and benefit from the property within the limits of the law
Title Registration
To establish and protect ownership rights, it is necessary to register the property in the State Register of Property Rights. Registration provides a legal record of ownership and helps establish a clear chain of title. Registration is typically handled by a notary or a specialized registration authority
Acquisition of Ownership
Ownership of real estate in Ukraine can be acquired through various means, such as purchase, inheritance, gift, exchange, or other legal transactions. The acquisition process typically involves executing a written agreement and registering the transfer of ownership with the relevant authorities
Encumbrances and Liens
Ownership rights may be subject to encumbrances or liens, such as mortgages, easements, or other restrictions. It is crucial to conduct due diligence and perform a thorough title search to identify any encumbrances or liens associated with the property before completing a purchase
Protection of Ownership Rights
Ukrainian legislation provides legal mechanisms to protect ownership rights. If disputes arise over ownership, the affected party can seek legal remedies, including court proceedings and enforcement of property rights