The facility under construction: the General concept and features of registration

The Object under construction – this structure, which requires an investment of initial capital. Subsequently, the use of such facilities must bring profit. However, it should be issued on non-state owner, who has the opportunity to complete its construction. The object is firmly tied to that land, which is, and move it to another location without destroying its elements impossible.

In principle, work can be called any object that is not yet completed. This category may also include those facilities whose construction is preserved. Since the right of ownership shall enter into force only when the design is finished, in order to place an object under construction, be sure to make several procedures. First of all, the purchase of such facilities depends on, who is going to sell it. The purchase procedure prescribed in the legislation.

The Object under construction can be transferred into the mortgage, and together with the land on which is the design. However, it is necessary to obtain a judgment which recognizes the right of ownership of ONS.

To register the object under construction, you must gather some documents: the certificate, which confirms that the owner has the rights to the site and the construction; permit for the erection of a building; a document which contains a full description of the design; project cost estimates and construction.

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If the land on which the work is being carried out, is not the property of the applicant, but it has the perpetual right to use, in the registration authorities served a document confirming this. Naturally, in order to place an object under construction should be submitted and other documents: the act of suspension of work or conservation of the building; a cadastral plan of the land plot; an agreement confirming participation in the shared construction (if the construction was carried out based on it).

You Also need to report the amount of funds that were invested in the construction of the structure. Basically all the documents to the registration authorities should provide the developer. If he spends all the work at his own expense, should submit a certificate stating that the construction of owner financed independently.

The Design of the construction in progress is made on the basis of the documents submitted to the registration authority in two copies. Instead of originals, you can bring copies notarized. You need to remember that there is a period during which it is necessary to submit all the papers. Also, the state sets a specific period for which the registration must be made.

If after execution of such construction, the developer decided to resume all the work, you must report it to state authorities who will make changes in the Unified register. The rights of ownership will have to re-register.