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Town Planning Amnesty legislation
25.03.2011
业务领域: 房地产法律业务

"Town Planning Amnesty" legislation

On 24 March 2011, the House approved unanimously the amending laws on Town Planning, Roads and Structures, and Immovable Property. The new legislation essentially provides for legalizing real estate property that lacks a title deed due to minor town-planning or building irregularities, on condition that third parties are not affected. Properties may now be legalized for a fee, thus securing a final certificate of approval and the deed. Alternatively, a title deed issued will list on it the property’s irregularities. Applications may be submitted to the Town Planning Department within six months. It is noted that two more bills related to the “town planning amnesty” package, namely the “Sale of Land (Specific Performance) Law of 2010” and the “Contract (Amendment) Law of 2010”, are still undergoing discussion before the Standing Parliamentary Committee on Legal Affairs.

 

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