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Home»Investment»Confrontation between BTI and notaries

Confrontation between BTI and notaries

20.03.2019
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In our article today, we will try to objectively analyze those changes in the legislative framework that have entered into legal force in Ukraine with the advent of 2013. According to some real estate experts, BTI representatives can consciously go to sabotage the reforms begun in the country.

The New Year was marked by the introduction of a huge number of innovations. There is no physical ability to transfer all documents. We will dwell exclusively on the most important ones that can have a direct effect on almost every resident of the country.

Registration of apartments will be carried out notaries

Naturally, the law is the most innovative that has entered into force since January 2013, regarding the fact that BTI is now unable to register the transfer of property rights directly to the residential apartment. The corresponding function is assigned to notaries. In addition, the creation of a single state register is planned. In fact, it is these changes in essence that are the most influential for every resident of the country. This innovation should have simplified life for Ukrainians: the necessary documents for registering property rights can be submitted directly in electronic form, while it should be noted a fairly significant reduction in the terms of necessary for registration – they were reduced to 5 days, while this period was previously composed about two weeks. It is also noteworthy that the execution of relevant documentation can be carried out almost anywhere or the city of the country, regardless of exactly where the real estate object is located. The main innovation is that Ukrainians will not need to stand in long lines to register the transaction. An important point is the need for a mandatory technical inventory of the apartment, which is sold – now such a need is completely canceled. Therefore, the buyer has the possibility of purchasing an apartment with illegally completed redevelopment, which inherently is not good. However, no one has canceled the inventory, even if it is not mandatory.

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