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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