Law No. 1559-VI “"On Alienation of Land Plots and Other Objects of Immovable Property Located On Them in Private Ownership for the Social Needs and on the Grounds of Social Necessity".

The present Law defines the legal, organizational and financial principles of regulation of social relations that originate by alienation of land plots and other objects of immovable property located on them in private ownership for the social needs and on the grounds of social necessity. According to Article 1 of the present Law, alienation of land plots and other objects of immovable property located on them for the social needs and on the grounds of social necessity is defined as a transition of property right for a land plot and objects of immovable property owned by natural persons or legal entities to the State or communal ownership, through redemption or forced alienation. The object of alienation is the land plot (part thereof), residential house, other buildings, structures and perennial plants located on it in ownership of natural persons or legal entities (Article 3 of the present Law). According to Article 4 of the present Law, natural persons or legal entities cannot be unlawfully deprived of their right of private ownership for land plots and other objects of immovable property located on them. Redemption or forced alienation of land plots and other objects of immovable property located on them is permitted on the grounds of and by the procedure stipulated by the present Law. Redemption of land plots and other objects of immovable property located on them is permitted on the condition of reimbursement of their value in accordance with the law. Forced alienation of land plots and other objects of immovable property located on them in private ownership of natural persons or legal entities may be applied only as an exception for reasons of social necessity, on the grounds of and by the procedure established by law, and on the condition of advance and complete reimbursement of their value. The redeemed or forcibly alienated land plot may not be transferred to natural persons or legal entities into ownership or use not related to provision for social needs or social necessity determined in the decision on the alienation of the appropriate land plot, made by a body of state power or a body of local self-government. The procedure for determining the redemption price is stipulated by Article 5 of the present Law. According to Article 12 of the present Law, redemption of the land plot and other objects of immovable property located on them is done by means of a purchase and sale agreement. This agreement is subject to notary attestation and state registration. If a land plot or immovable property is granted to the owner in exchange of the redeemed plot or property, an exchange agreement may be concluded. Redemption of the land plot and other objects of immovable property located on them is only carried out with consent of their owners.