Decree No. 16 of the State Committee on Land Resources, Geodesy and Cartography validating the Regulation on state registration of transfer of ownership of the plots of land in case of purchase and sale thereof and registration of land purchase and sale contracts.

This Decree establishes the modalities of state registration of transfer of ownership of the plots of land in case of purchase and sale thereof and registration of land purchase and sale contracts. Land purchase and sale contracts shall be concluded in written form. The contracts shall be subject to notarized certification and transfer of land ownership shall be subject to state registration. The provisions of this Decree shall be applicable also to state registration of exchange of land plots contracts. State registration of the transfer of land ownership shall be carried out exclusively after state registration in state land cadastre of the right of ownership of land plot by the vendor and notarized certification of the contract of purchase and sale of land plot. Vendor and purchaser shall submit to the registration authority joint application, recipe of payment of registration dues, two authentic text originals of purchase and sale contract and one copy thereof.