Legislation
In Ukraine, the real estate market is regulated by several laws and regulations. Here are some key points
Overview
The primary legislation
The Civil Code of Ukraine is the primary legislation governing property rights and transactions. It sets out the general principles and rules for property ownership, including real estate. The CCU establishes the concept of property ownership and defines the rights and obligations of property owners. It recognizes both private and public property and outlines the rules for acquiring, using, and disposing of property.
Types of Property
The CCU recognizes different types of property, including land, buildings, apartments, houses, and other real estate assets. It provides rules for the transfer of ownership and the establishment of property rights on these assets
State Registration
Property transactions in Ukraine require state registration. The State Register of Property Rights is responsible for maintaining records of property ownership, encumbrances, and transactions. This registration is essential to establish legal ownership and protect property rights
Property Transactions
The CCU regulates property transactions, such as sales, exchanges, gifts, and leases. It sets out the requirements for forming valid contracts, including the essential elements of a contract, the rights and obligations of the parties, and the consequences of breach of contract
Property Rights and Encumbrances
The CCU protects property rights and provides mechanisms for establishing and protecting ownership. It covers topics such as mortgages, liens, easements, and other encumbrances that may affect property rights. It also addresses issues related to the division and co-ownership of property
Inheritance and Succession
The CCU includes provisions related to inheritance and succession of property. It establishes rules for wills, intestate succession, and the transfer of property to heirs
Protection of Property Rights
The CCU ensures the protection of property rights through legal remedies and procedures. It provides mechanisms for resolving disputes related to property, including civil litigation, arbitration, and alternative dispute resolution methods