Saturday, October 29, 2016

Ukrainian President enacts bill improving registration of ownership rights to immovables

Ukrainian President Petro Poroshenko has enacted bill amending some Ukrainian laws concerning the improvement of registration of ownership rights to immovable property and protection of ownership rights.
The press service of the head of state reported that the law envisages a comprehensive approach to the improvement of registration of ownership rights to immovable property.

As reported, Ukraine's Verkhovna Rada on October 6, 2016 toughened rules for keeping the public register of ownership rights to immovable property and responsibility for attempts of illegal registration.
It is foreseen that public registrars are obliged to urgently inform owners of immovable property if an application to carry out registration actions for the property is submitted.
The obligatory registration of the applications of owners of property banning the registration actions in the public register is introduced.
According to the document, restoration of registration actions is possible only under a court decision that took effect or under an application of the owner.
The document permits Ukraine's Justice Ministry to monitor the registration actions in the public register of ownership rights to immovable property.
The obligatory use of the Land Cadastre and the Register of document permitting preparation and construction works by registrars is foreseen.

The document increases the term for challenging the decisions or neglecting the functions by registrars from 30 to 60 days. The obligatory provision of an extract from the state register of ownership rights to property in paper is envisaged.

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