According to the parliamentary press service, during the years of independence, a number of legal acts were adopted in the field of state registration of rights to real estate in order to ensure welfare of the population and create favorable conditions for doing business.
Today, however, relations related to the state registration of rights to real estate are regulated by legal acts of various strengths. Their dispersion and, at the same time, the inconsistency of the norms, had a negative impact on the regulation of this sphere.
As a solution to these issues, the law “On State Registration of Rights to Real Estate” was developed. The document indicates the types of real estate, the rights and restrictions relating to them, the sequence of state registration, state registration of the right to land plots and refusal to do so, pre-trial resolution of disputes, the legal solution of all relations related to other areas.
The law not only eliminates existing problems, but also strengthens the protection of the rights of citizens and entrepreneurs to real estate, and is a legal document that reliably protects and, importantly, has direct effect.
In addition, senators discussed the law “On Amendments to Certain Legislative Acts of the Republic of Uzbekistan”.
This year, the law “On Procedures for the Withdrawal of Land Plots for Public Needs with Compensation” was adopted. Now withdrawals of land plots for public needs with compensation are regulated by a single law of direct action.
At the meeting, it was noted that the law “On Amendments to Certain Legislative Acts of the Republic of Uzbekistan” is a logical continuation of ongoing reforms in this area. The document introduces amendments to the Law “On Pledge” and the Civil Code aimed at strengthening property rights.
In particular, the Law “On Pledge” establishes that if the right of ownership of the pledger to the property that is the subject of pledge is terminated on the grounds and in the manner prescribed by law as a result of the seizure of property for public needs, the pledger is provided with other property or appropriate compensation is paid.
Also taking into account that property relations are regulated by the law “On Procedures for the Withdrawal of Land Plots for Public Needs with Compensation”, the words “legislative acts” in the relevant articles of the Civil Code are replaced by the word “law”.
At the same time, additional legal conditions are being created to ensure reliable protection of the rights of owners and the complete safety of private property.
After discussions, the above laws were approved by senators.
