The Law lays down rules for privatisation of land in rural areas. The main tasks of land privatisation are to create the basis and guarantees for agricultural development; to restore the land ownership rights to the former owners of land, which belonged to them on 21 July 1940 or to the heirs thereof; and to transfer land into ownership with remuneration to the citizens of the Republic of Latvia. Land privatisation in rural areas must be carried out, conforming to the following basic principles: land privatisation shall take place, in conformity with the Law On Land Reform in Rural Areas of the Republic of Latvia; upon privatisation of land, the lawful interests of the present owners of buildings and structures, users of land, as well as of the State and local governments must be observed; forests, perennial plants growing on it and surface waters, except the public waters, must be privatised together with land; land must be transferred into ownership to the citizens of the Republic of Latvia and to legal persons registered in Latvia; and land privatisation must take place on the basis of a request of the citizens of the Republic of Latvia or legal persons registered in Latvia, on a voluntary basis.
Implemented by: Cabinet Regulation No. 748 of 2014 on Transactions with Agricultural Land (2015-08-25)
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