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(May 02, 2008) On April 16, 2008, the Parliament of Belarus passed amendments to the Law on State Registration of Real Estate. The amendments deal with the transfer of ownership rights and other transactions involving real estate. Aimed at simplification of the registration procedure, the amendments introduce a new registration agency that will be an independent commercial entity entitled to register all types of transactions according to the adopted detailed list of transactions covering property, proprietary rights, and limitations on rights subject to state registration. Such newly defined transactions as mergers, division of property, and isolation of separate premises from a building were added to the list. The procedure for managing preparation of the uniform state register of real estate is also defined in the amendments. (Belarus' Parliament OKs Amendments to Law on Property Registration, PRIMETASS BELARUS NEWSWIRE, Apr. 16, 2008, Emerging Markets Database.)

Author: Peter Roudik More by this author
Topic: Property More on this topic
Jurisdiction: Belarus More about this jurisdiction

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Last updated: 05/02/2008