Ownership? Not so fast…

Law
In its amendment to the Act on converting perpetual usufructs into ownership rights, the Constitutional Tribunal has given greater freedom to local authorities in granting this right. Will this amendment affect the development of new projects or will it only affect the relationship between investors and local government?
The right of perpetual usufruct has been part of Polish law since the 1960s. The law states that the state or local government (city councils, boroughs and provinces) can grant a lease of land to an individual or a company (the perpetual usufructuary). The usufructuary has the right to dispose, sell or bequeath the property in his/her last will. The right of perpetual usufruct is temporary, and usually lasts from 40 to 99 years. The use of the property is also specified and annual fees for users are imposed. “The difference between the right of perpetual usufruct and ownership are mainly those three things – and these can restrict a developer’s plans. As a result, it might be the case that perpetual usufruct holders want to convert their right into an ownership title. And this is where the changes to the regulations effected on March 17th 2015, with the publication of the decision of the Constitutional Tribunal on the 2011 amendment
Already have an account? Log in
91% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition