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Registration of the (ownership/lease) rights to land at the land auction
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The law governs the terms and conditions for selling public land plots as well as rights thereto at the land auction, except for the expressly prescribed cases.

The auction approach used to determine the land buyer is supposed to prevent corruption.

However, auctions may be conducted to sell private lands.

It should be noted that such mechanism is attributable not only to sale of the land plot, i.e. transfer of the title thereto, but also to use thereof without the disposal right, i.e. transfer for use.

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Despite unexpected outcome of bidding as to the winner and the rate of the land charges, there are positive aspects for the bidders.

They can choose the location of the land plot, its area and configuration, the intended use proposed by the land owner/administrator, and initiate the bidding themselves.

The important thing is that preparation of a lot includes formation of the land plot, monetary appraisal thereof as well as establishment of all terms and conditions of the respective contract (for sale and purchase / lease / superficies / perpetual lease).

Thus, when a bid is submitted, a bidder is aware of the terms and conditions under which the land plot can be used. As a rule, the only exception is the price of the contract, which will be determined following the bidding procedure.

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Although the land bidding is organised by land owners/administrators, other very important aspects include analysis of the land plot being sold, inclusion of the person into the list of the land bidders and immediate participation in the auction.

Our lawyers will help the Client assess the investment opportunities of the item on sale, duly prepare for its participation in the land bidding and act on its behalf at the auction per power of attorney or, on the contrary, justify lack of the need thereof.

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    OBOLON YRC

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