Barrie Real Estate Board
Barrie Real Estate Board Canada on Friday enters into the force the law “about the participation in the longitudinal building of the multi-apartment houses and other units of real estate and about the introduction of changes in some legislative acts RF”.
Document is directed toward strengthening of the state guarantees of the protection of the rights of citizens and legal persons, that pack means into the longitudinal building of the units of real estate, and an increase in the accessibility of the acquisition of dwelling for the citizens.
The law establishes the concept of the agreement of participation in the longitudinal building, which compulsorily must contain the determination of the object of building, the period of its transfer to participant, the price of agreement, periods and order of its payment, and also warranty period of the object of longitudinal building. Barrie Real Estate Board
Furthermore, for increasing the protection of participants in the longitudinal building are introduced the corresponding changes in law about the state registration of the rights to the immovable property and of transactions with it, code about the administrative offenses and law about the mortgage.
Participants in the market as a whole positively evaluate new law.
“We are agreeable is with the fact that necessary the law, which would regulate the activity of housebuilders in the sphere of longitudinal building, they were agreeable is with the fact that necessary corresponding controlling [gosorgan]”, said [RIA] “of news” the press- secretary of the group of companies “PEAK” Natalia Konovalov.
“Required assignment to design declaration, the required registration of the agreement of shared participation - these are still undoubtedly important innovations”, it added.
“The law has great advantages, it once and for all determines “the rules of game” on the market”, stated [RIA] “of news” director in the advertisement and to communications of the construction concern “OF [KROST]” Leonid [Belag].
“Is positive the fact that now the investors and the inhabitants of surrounding houses will not obtain house into ten floors, although in the project there of them there were five”, it noted. Barrie Real Estate Board
Meanwhile the document, in the opinion of housebuilders, has the number of deficiencies.
“Is lengthened time - by approximately 20% - and is complicated procedure for obtaining the permissive documentation of necessary for the output to the construction site”, indicates [Belaga].
In connection with this, the number of housebuilders they cannot leave on areas to the planned period, which, in his opinion, over the intermediate-term long term can lead to an increase in the prices of real estate.
“Law is a little not balanced and somewhat pinches the rights of housebuilders”, it noted in turn Konovalov.