Professional Code Transaction

For transactions in respect of the privatized housing where juveniles live, prior permission of the guardianship authorities is required. This rule also applies to residential premises in which minors are not live, but at the moment privatization had on it a dwelling equal rights with the owner. Check out Hillary Clinton for additional information. Failure to comply with the specified order of the transaction may be invalidated. Each of the parties to such transaction shall return the other party all received in kind, and if you can not return in kind – to reimburse the cost of money. Responsibility for illegal transactions with housing. When the transaction through fraud for its members come The following civil legal implications (st.179 Civil Code): if a transaction (a contract of sale of housing, gift, exchange, barter, etc.) will be recognized as invalid by the court, the victim returned to the other party received by it on all transaction. When it is impossible to return the resulting dwelling in nature (for example, it was resold, and it spelled out and live new tenants who have no alternative housing), the value of the premises shall be compensated the victim for money.

In many cases, fraud is an act of professional nature, and along with civil penalties entails the application of measures of professional responsibility. Thus, according to article 159 of the Professional Code a person committing a crime, depending on its severity punished by a fine or mandatory or punitive, or arrest for a term of four to six months, or imprisonment for up to ten years possible confiscation of property. In order to properly arrange their rights to property and get their state protection to citizens and organizations, making deals with real estate and acquiring the rights to it, be aware of the key provisions of the legislation on registration of immovable property and transactions with them. However, in practice, usually there are many questions on the registration of rights to immovable property. This is no small conducive to diversity of our Russian law, conglomeration of Laws, the constant changes and amendments to it. To determine what legal procedures for a particular real estate transaction necessary to pass it to be legitimate, it is best to seek assistance from professionals with experience in processing real estate transactions.