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"DV-hectare" with a mortgage was allowed to take ownership ahead of schedule
It was allowed in Russia to register property ahead of schedule with a mortgage of land under the Far Eastern Hectare program. Now for this it is not necessary to wait for the expiration of the five-year period.
The State Duma today adopted in the third reading law on the early provision of land plots in the Far East in the ownership of a mortgage. At the same time, it is specifically stipulated that the loan must be concluded with a Russian organization.
Currently, a land plot in the Far Eastern Federal District is provided for free use for five years on the basis of a signed contract. An application for granting a plot of ownership can be submitted no earlier than six months before the date of the end of the contract. The law comes into force ten days after its official publication.
In September, the Russian government approved four criteria the use of a Far Eastern hectare for ownership or lease. Previously, they were not spelled out in the legislation. The Far Eastern Hectare program has existed since 2016. In April пalmost 2,5 thousand declarations submitted by recipients of "Far Eastern hectares".