This Law establishes legal, organizational and financial principles of regulation of social relations dealing with expropriation of land plots in private ownership for public needs. Expropriation shall be performed through buy-out and payment of compensation to the owners of expropriated land plots. Expropriation and buy-out shall be performed in accordance with the acting legislation. Buy-out price shall include inconvenience and losses of the owner of the plot of land subject to expropriation and land price shall be fixed by the local self-government. In case of the allocation of another plot of land to the owner of land plot subject to expropriation buy-out price shall contain expenditure for issuance of land ownership certificate for a newly allocated land plot and the cost of cadastre land registration.
Authors and Publishers
Vsevolod Gnetii (CONSLEGB)