10 July, 2019

Amendment to the Law of Property Code

July 8th was the last day for public consultation on the proposal of the amendment to the Law of Property Code. The proposal brings the following innovations:

  • the legal construct of connected properties, which is similar in content to the construct of the condominium. The construct of connected properties regulates cases in which a given property, called ‘ancillary property’, is the same as the common part of a building in condominium, with the difference that in this case it does not serve a particular part of the building, but one or more properties on which the buildings or the single-family houses are located, which are not in condominium;
  • the possibility of creating a quasi-property easement for the benefit of a person managing public utility infrastructure for the public benefit for the purposes of managing this infrastructure for a period longer than 30 years or for an indefinite time;
  • modernization of the register of non-possessory Liens and Seized movable property for faster and more efficient sign-in with the application.

If the proposal will be adopted, it will be in accordance with the needs of modern business traffic.

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