Federal law No. 218-FL “On the State Registration of Real Estate” dated 13 July 2015 unifies the currently existing State Real Estate Cadaster (GKN) and Unified Register of Rights to Real Estate and Transactions Therewith (EGRP) into one Unified State Register of Real Estate (EGRN). The law entails the enactment of more than 30 regulations which will enter into force in 2017. Although Law No. 218-FL in many ways continues and combines the approaches of the previous legislation and court practice, both the authorities, courts, developers and holders of real estate will need some time to get used to the new provisions.
By Anton Alekseev, Senior Associate at Egorov Puginsky Afanasiev & Partners.
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