Presidential Decree No. 14520 “On the state fee for state registration of rights to real estate and transactions related to it”.
Country
Type of law
Regulation
Abstract
This Presidential Decree is centered on the regulation of real estate rights and related contracts. Its primary objective is to ensure the protection of personal and institutional rights concerning real estate, thereby enhancing the legal framework governing real estate transactions. The document operates within the context of the national legal system, which aims to provide a structured approach to the registration process and safeguard property rights. The document outlines specific measures for the registration of real estate rights, including the establishment of state fees for various registration actions. It details the requirements for registering contracts related to shared construction, changes to such contracts, and the registration of ownership rights. Additionally, it specifies the need for state registration of rights related to mortgages, leases, and other property-related agreements. The document emphasizes the importance of compliance with these regulations to ensure the legal recognition of property rights and the smooth operation of real estate transactions. The implementation of the measures is to be overseen by several governmental bodies, including the Ministry of Justice, the Ministry of Economy and Development, and the Ministry of Finance. Secondary themes include the procedural aspects of registration, the need for timely actions within five business days for urgent registrations, and the establishment of penalties for non-compliance, all aimed at fostering a reliable and efficient real estate market in the country.
Attached files
Date of text
Entry into force notes
This Presidential Decree enters into force on 1 January 2016.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
TÜRKMENISTANYŇ PREZIDENTINIŇ K A R A R Y «21» dekabr 2015 ý. № 14520 Aşgabat ş. Gozgalmaýan emläge bolan hukuklaryň we onuň bilen bagly geleşikleriň döwlet tarapyndan bellige alynmagy üçin döwlet pajy hakynda.
Implements