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LXXI of 2020 Law on the liquidation of undivided joint ownership of land and on arrangement of the data of owners of real estate classified as land in the real estate register.

Country
Type of law
Legislation
Date of original text
Date of latest amendment
Source

Abstract
This Law declares that the Parliament is committed to improving the competitiveness of Hungarian farmers in the agricultural market, strengthening their economic positions, and supports the development of optimally sized domestic agriculture based on a stable ownership structure. Therefore, with the aim of speeding up the liquidation of undivided common land ownership relations, the Parliament has settled the ownership relations of undivided common land for agricultural and forestry purposes that have developed over the past decades, and thus, for the benefit of Hungarian farmers, holdings that can be cultivated economically and can be used or owned without administrative burdens, so that a national property structure with optimal size and transparent usage and ownership conditions can be established. The scope of this Law is covering all real estate classified as agricultural and forestry land. This Law also closely regulates the rules regarding termination of undivided joint ownership by dividing the property; termination of undivided joint ownership by taking the property into the ownership of a single co-owner; common rules for property acquisition.
Date of text
Entry into force notes
This Law entered into force on 1 January 2021.
Notes
Consolidated version
Repealed
No
Publication reference
Official Gazette
Source language

English

Legislation Amendment
No
Original title
2020. évi LXXI. Törvény a földeken fennálló osztatlan közös tulajdon felszámolásáról és a földnek minősülő ingatlanok jogosultjai adatainak ingatlan-nyilvántartási rendezéséről.