On April 1 2015 the Land Code provisions regulating the procedure for the requisition of plots for public use entered into force. Henceforth, the grounds for requisition may be determined only at federal level.
The new provisions extensively regulate the procedure governing the requisition of plots. In particular, they stipulate in detail:
- the authorities that are empowered to decide on the requisition;
- the conditions attached to the requisition;
- the procedure governing the preparation of the requisition agreement; and
- compensation amounts.
The requisition procedure involves one more stage before completion – the identification of the rights holder.
Corresponding amendments have also been introduced to the Federal Law on State Registration of Rights to Real Estate and Related Transactions. Rights to the requisitioned plot may be transferred only after compensation for the value of the plot has been made, unless stated otherwise in the agreement.
For further information on this topic please contact Thomas Mundry or Asia Tachtaeva at Noerr by telephone (+7 495 799 56 96) or email (email@example.com or firstname.lastname@example.org?). The Noerr website can be accessed at www.noerr.com.
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