Real Estate Registration Law to Undergo Major Changes, Says Law Firm Partner Nikolai Sapozhnikov.

In his comments to the “AG”, Nikolai Sapozhnikov, a BIEL partner, said that the draft law has just been submitted to the State Duma and it is premature to judge how it will evolve as a results of discussion. “At first sight, it seems that the amendments, rather than envisage any revolutionary changes, tend to refine and specify the existing law with reference to current legal practices”, he believes.

The expert said the following of the numerous refinements merit attention: changes to the legal status of the agency for cadastral record-keeping and registration to make it more specific; real estate information contained in the cadastral register; list of those authorized to seek the state registration; term of state registration of specific cases; online submission of the documents without using the digital signature to perform a limited range of transactions; establishing a procedure for making entries to the register and blocking transactions of those known to be involved in extremism or terrorism.
“It is worth noting that a new paragraph is proposed for Article 29 of the Law whereby the registration authority will be required to serve a notice of non-compliance to the applicant where, following suspension of the registration or cadastral record-keeping procedure, the documents were filed without removing the cause of the suspension, or where a new cause for suspension was identified in the provided documents”, Nikolai Sapozhnikov said.
He also added that, in view of the needs identified in the course of economic practice, the legislator’s efforts to give an opportunity to register lease agreements for a part of the building where the technical plan is not available, and to rule out the requirements on the maximum possible size of car slots as specified in the explanatory notes are rather welcome. “However, the draft law wording prohibiting creation of websites (except the official one) providing the information from the USRRE requires to be specified. I think that any restriction on free availability of services should be clearly substantiated and outlined. Overall, one could only welcome such refinement of a major law. However, it is important to involve the professional community practicing the law on the daily basis to discuss and specify all of its numerous provisions”, Nikolai Sapozhnikov summed up.

Source: advgazeta.ru