POLITICS | 11:05 / 27.11.2018
876
1 min read
Government agencies will pay for errors occurred during registration of ownership rights to real estate
Government agencies in Uzbekistan will pay for any errors occurred during registration of ownership rights for real estate. Proposal of the draft law is published on regulations.gov.uz public portal.
At present, registration of the rights of legal entities and individuals to real estate is carried out by branches of state enterprises of land management and cadaster.
The authorities of Uzbekistan want to introduce financial responsibility for inaccurate registration of rights to real estate objects.
Uzbek people will be able to receive compensation by court order.
The amount of payments is yet to be determined by the Cabinet of Ministers.
Related News
18:11 / 18.10.2024
Housing prices in Uzbekistan outpace fundamental value by 28% in H1 2024
10:09 / 15.10.2024
Uzbekistan’s real estate market slows in September, sales and rental activity declines
20:54 / 14.09.2024
Uzbekistan improves its position in global cybersecurity index
18:49 / 03.09.2024