Procedure for buying and selling housing changes


November 29, Fineko/ The procedure of notarization of contracts on the disposal of objects of the state register of real estate is being changed.

ABC.AZ reports that this is reflected in the proposed amendment to the Civil Code, submitted for discussion at today's Milli Majlis meeting.

According to the draft, on the basis of an electronic copy of a notarized contract on the disposal of real estate, transmitted through the e-government information system in real time via real-time information systems, the relevant rights will be registered in the state register of real estate. Such an agreement will be considered an application for registration of property and other proprietary rights arising from it in the state register of real estate.