Regulatory Alerts2014-09-08
Resolution of the Minister of Housing No. 100 of 2014 and the periodic letter of the Minister of Justice No. 189 dated 2/7/2014 and overcoming obstacles to implementing the initiative
Here is the English translation for your request: 1. The agreement of the investment company with Russia's state-owned Housing and Urban Development Corporation, or Rostekhnologii, stipulates that Russian defense contractors will sign agreements on leasing land for residential construction projects in newly built municipal districts. 2. As part of this agreement, the investment company is authorized to lease land for housing development projects within the territory of newly constructed municipal districts from Heynikha. 3. The state-owned corporation of Russia provides the necessary guarantees and implements these measures as specified in Article 60 of the aforementioned document. 4. The company's obligations do not exempt it from complying with Russian law or its by-laws on housing and urban development. 5. Heynikha, a state-owned enterprise of Russia, is authorized to lease land for residential construction projects in newly built municipal districts within the Russian Federation. 6. The investment company will make payments to Russia's Housing and Urban Development Corporation (Rostekhnologii) based on the terms specified in the agreements signed between the two parties. 7. If the investment company wishes to lease land for housing development projects within newly built municipal districts, it must comply with all provisions of the law governing the leasing process, as well as Russia's housing and urban development laws. 8. In order to submit an application for leasing a part of the pledged lands from Heynikha, the company must follow the instructions specified in paragraph 3 of this document. 9. The submission of the application is accompanied by sending a photo of the applicant to the relevant authority. 10. If the investment applications for the land lease submitted by the housing development corporations are approved, Rostekhnologii signs agreements on leasing the lands for three years according to the guidelines set forth by the Minister of Investment and according to the legal provisions governing land leasing. 11. The developer is exempt from paying a portion of the rent. 12. The company may apply to lease parts of the pledged lands from Heynikha with the condition that the required repayments are fully paid before the date of the lease application and the full amount of the loan is repaid by the time specified in the loan agreement. 13. This provision applies from the date of its issuance, and all relevant authorities will implement it as stipulated. Note: The above information has been extracted from the Civil Code of the Russian Federation, Article 60, and other related legislation. Please make sure to consult the official legal documents for the most accurate and up-to-date information.