Фото: Ownership of an apartment / house

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Oleksandr Kolesnichenko

Head of real estate and construction practice

Construction and real estate specialist, civil engineer, specializes in land law, negotiations, and pre-trial dispute resolution.

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Ownership of an apartment / house

Reading time: 4 min.

The right to own an apartment or a house is one of the most important rights that a person has. This right gives you the ability to own, use and dispose of your property as you see fit. However, there are a number of legal aspects associated with this right that are important to be aware of.

 

What are the types of ownership of an apartment/house?

In Ukraine, there are two main types of ownership of an apartment/house:

  • Private property. This type of property belongs to individuals and legal entities. The owner has the right to own, use and dispose of his property at his own discretion, subject to certain restrictions established by law.
  • State property. This type of property belongs to the state. The state has the right to own, use and dispose of its property through its organs.

Ownership of an apartment

How to apply for ownership of an apartment/house?

In order to register the ownership of an apartment/house, you need to go through the following steps:

  • Collect the necessary documents. The list of documents may vary depending on the method of acquisition of ownership. The main documents include: a passport of a citizen of Ukraine, an identification code, a property title document (purchase agreement, gift agreement, certificate of ownership, etc.).
  • Contact the state registrar. You can contact the state registrar for the location of the real estate. He will check your documents and register your ownership in the State Register of Real Estate Rights and in the cadastral register.
  • Get an extract from the State Register of Real Estate Rights. It is a document that confirms your ownership of the apartment/house.

We recommend contacting legal experts from the company "Prykhodko and Partners" in order to avoid possible mistakes and issue the right to property ownership correctly and quickly.

 

What are the rights and obligations of the apartment/house owner?

Owner rights:

  • Own, use and dispose of your property at your own discretion.
  • Live in your apartment/house.
  • Rent out your apartment/house.
  • Donate your apartment/house to other people.
  • Sell ​​your apartment/house.
  • Bequeath your apartment/house.

Responsibilities of the owner:

  • Pay taxes and other fees related to ownership of real estate on time.
  • Keep your apartment/house in good condition.
  • Do not harm the neighbors.
  • Comply with legal requirements.

Property ownership

Risks associated with the lack of ownership of an apartment/house

Not owning an apartment/house can have serious legal and practical consequences.

  • Inability to dispose of property. You will not be able to sell, gift, bequeath or rent the apartment/house, because you do not legally own it. Any agreements entered into by you with respect to this property will be null and void.
  • Risk of eviction. If you live in an apartment/house without ownership, you can be evicted at any time. This can happen, for example, if the owner decides to live in it himself, sell it or rent it out to other people. You will have to look for a new place to live, probably in a short time.
  • Inability to get credit. Banks do not provide loans against property that you do not own. This can make it difficult for you to purchase another home or make other large purchases.
  • Inability to register place of residence. To register a place of residence, you need a document confirming your ownership of the residential area. Lack of registration can create problems with obtaining social services, employment, processing documents, etc.
  • Risk of property loss. If you do not legally own the property, it can be seized for the owner's debts. For example, if the owner does not pay the loan, the bank can take the apartment/house to repay the debt.
  • Inability to protect one's rights. In case of disputes with neighbors or other persons regarding the apartment/house, it will be difficult for you to protect your rights, because you are not its owner. The court may not recognize your interests if you do not have the relevant documents.

It is important to note that these are only some of the main risks associated with not owning an apartment/house.

If you want to get advice from a lawyer or find out the price of registering the ownership of an apartment or house - fill out the form below.

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Head of real estate and construction practice

Construction and real estate specialist, civil engineer, specializes in land law, negotiations, and pre-trial dispute resolution.

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