Small legal educational program.
Apartments for which ownership is not registered are related to the category of primary housing. Typically, such housing refers to the new buildings market and the designed housing facilities are put up for sale. Apartments in private or municipal property are represented by a secondary housing market. The right to reside in the non -reflected, t. e. municipal, apartments are granted by an unlimited social rental agreement and regulated by the Housing Code.
Transactions for the sale of an apartment in the primary residential real estate market, namely in houses under construction, is regulated by the 214 article of the Federal Law of the Russian Federation “Participation in shared construction”. Based on the current version of the Law, a builder company, which received land and permission to build an apartment building, is obliged, after putting the facility into operation under a shared participation agreement, transfer it to the buyer-permanent. The buyer-donor, having in hand, the act of acceptance and transfer of the subject of shared construction, registers his right of the owner in a new building. As soon as the certificate of state registration of ownership has been received, the object goes into the category of secondary housing, changing its legal status. From the date of signing the contract of shared participation and before the registration of housing, it may take from 3 months (the house is ready to commission) and up to 1.5 years (when only the foundation of the future house is laid).
When the builder holds a certain number of rapidly sold (liquid), which means the most in demand on the real estate market, apartments or simply does not have time to sell the living quarters in full, after the construction of the building, it registers and receives a certificate of ownership for these apartments. Selling such apartments in the future is possible, but as secondary housing.
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