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The Verkhovna Rada adopted the Law on the Protection of the Interests of Owners of Land Shares

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Sakharuk Anatolii
Sakharuk Anatolii
Lawyer
Ukraine / Kyiv

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Publication date: 25.05.2024

The Verkhovna Rada adopted the Law on the Protection of the Interests of Owners of Land Shares


The Verkhovna Rada of Ukraine adopted a new law aimed at protecting the interests of owners of land shares. This law aims to ensure the fair use of land resources, transparency of lease relationships and protection of the rights of land owners.


Basic provisions of the law


1. Transparency of rental relations
Conclusion of lease agreements


Mandatory registration: All land lease agreements must be registered in the State Register of Real Property Rights.
Lease terms: The law establishes minimum and maximum lease terms for land shares, which contributes to the stability and predictability of lease relationships.
Transparent terms: Lease agreements must contain clearly defined terms regarding the rent, the rights and obligations of the parties, as well as dispute resolution mechanisms.


2. Protection of owners' rights
Rent


Fair rent: Minimum rent standards are set to allow owners to receive fair compensation for the use of their land.
Rent indexation: A mechanism for indexing the rent in accordance with inflation is provided, which ensures the maintenance of the rental value over time.
Termination of the contract
The right to terminate: Owners of land shares have the right to terminate the lease agreement in case of violation of the terms of the agreement or legislation by the tenant.
Legal protection: The law provides for the possibility of legal protection of the rights of owners in case of conflict situations with tenants.


3.Prevailing right
Sale of land shares


Preemptive right of the tenant: Tenants have a preemptive right to purchase the land units they lease, which contributes to the stability of the tenancy.
Preferential right of relatives: Owners of land shares can give preferential right of purchase to their relatives, which helps to preserve family land resources.You may be interested in the following articles:  Analysis, consultation, evaluation. legal analysis of the situation, lawyer's consultation, lawyer's consultation, analysis of documents, legal analysis of the situation, written consultation, verification of documents by a lawyer, lawyers' documents, lawyer's help online, lawyer online, legal opinion, legal opinion of a lawyer, lawyer online.


4. State control
Supervision and control


State supervision: Mechanisms of state control over compliance with legislation in the field of lease relations have been established.
Sanctions for violations: Administrative and financial sanctions are provided for violations of the rights of owners of land shares, which helps to prevent abuses.


Expected consequences


Adoption of this law aims to achieve several important goals:
Protection of the rights of owners of land shares: The law ensures the fair use of land resources and protection of the rights of owners, which contributes to the improvement of their well-being.
Transparency of tenancies: Establishing clear tenancy rules and transparent contract terms helps reduce conflicts between tenants and landlords.
Stability and predictability: Establishing minimum and maximum lease terms, as well as rent indexation mechanisms, ensures stability and predictability of lease relationships.


Conclusion


The law on the protection of the interests of owners of land shares is an important step in the direction of ensuring the fair and efficient use of land resources in Ukraine.It establishes clear rental rules, protects the rights of owners and promotes transparency of rental relations, which will ultimately contribute to the development of the agricultural sector and increase the welfare of citizens.
Thanks to this law, the owners of land shares will receive more guarantees and protection of their rights, which will reduce the risks of abuse by tenants and improve the conditions for sustainable development of agriculture. Also, the law will promote investment in the agricultural sector, as the establishment of transparent and fair lease rules will reduce legal uncertainty and increase confidence in the land market.
This law is an important step towards creating a fairer and more efficient land market in Ukraine, which is of key importance for the country's economic development and ensuring food security.

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