Five questions about changes in perpetual usufruct
schedule 25 July 2018
The bill entitled ‘the transformation of the right of perpetual usufruct into the right of ownership for land that has been built upon for the purposes of residential use’, which will in effect abolish perpetual usufruct, has been approved at the committee stage in the Seym and now awaits its second reading. In all probability around 2.5 mln households are from the beginning of next year to become owners or co-owners of the land on which their homes stand. Here are the answers to the most important questions regarding the transformation of perpetual usufruct into the right of ownership.
1. Will the conversion of perpetual usufruct into ownership be obligatory and who will it affect?
The conversion will be mandatory. By law, all those who use land on the basis of perpetual usufruct will become the owners of the plot, provided it is used for residential purposes. This will be automatic and no consent is required. The change will apply to land, on which stand both buildings
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