Problems Related to the Abolition of Divided Real Estate Ownership
Legal relationship between apartment owners in residential buildings and the land owners, that is, divided real estate ownership, was created in the Republic of Latvia in 1990, within the framework of the Land Reform, restoring property rights of the former owners or their heirs or privatising apart...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2016-12-01
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| Series: | Economics and Culture |
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| Online Access: | https://doi.org/10.1515/jec-2016-0021 |
| _version_ | 1818587385338789888 |
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| author | Dinsberga Jolanta Tiesniece Ilona |
| author_facet | Dinsberga Jolanta Tiesniece Ilona |
| author_sort | Dinsberga Jolanta |
| collection | DOAJ |
| description | Legal relationship between apartment owners in residential buildings and the land owners, that is, divided real estate ownership, was created in the Republic of Latvia in 1990, within the framework of the Land Reform, restoring property rights of the former owners or their heirs or privatising apartments in multi-apartment residential buildings. The existence of such legal relationship created different lease problems and restrictions on the property rights to the owners of both the building and the land. To abolish the legal relationship related to divided real estate ownership, the Ministry of Justice of the Republic of Latvia has developed a draft law Regarding the Abolition of Mandatory Divided Real Estate Ownership in Multi-Apartment Buildings (hereinafter referred to as Draft Law). Unfortunately, in the opinion of authors of this article, there are serious shortcomings to the Draft Law which must be corrected. The aim of the research is to identify the problematic issues by selecting and analysing the legislation on the abolition of the divided real estate ownership, which is related to the calculation of redemption price, payment method and consequences of non-payment, which are not regulated by the new Draft Law. The article reflects research on the determination and calculation of redemption price reglamented by the Draft Law and also analyses the Law of December 8, 1938, On the Abolition of Divided Real Estate Ownership and its practical implementation, which may significantly influence the redemption price and the method of its calculation; however, the mentioned law has been disregarded in developing the Draft Law. Thus the research has both theoretical and practical significance. For the research purposes general research methods, such as historical, analytical, inductive, deductive, logical-constructive and descriptive methods, are used. For the interpretation of legislation norms, grammatical, systemic, teleological and historical methods are used. |
| first_indexed | 2024-12-16T09:08:01Z |
| format | Article |
| id | doaj.art-71780d6d4ec842c0b31afe7db0bad808 |
| institution | Directory Open Access Journal |
| issn | 2256-0173 |
| language | English |
| last_indexed | 2024-12-16T09:08:01Z |
| publishDate | 2016-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Culture |
| spelling | doaj.art-71780d6d4ec842c0b31afe7db0bad8082022-12-21T22:37:02ZengSciendoEconomics and Culture2256-01732016-12-01132778810.1515/jec-2016-0021jec-2016-0021Problems Related to the Abolition of Divided Real Estate OwnershipDinsberga Jolanta0Tiesniece Ilona1University College of Economics and Culture, LatviaUniversity College of Economics and Culture, LatviaLegal relationship between apartment owners in residential buildings and the land owners, that is, divided real estate ownership, was created in the Republic of Latvia in 1990, within the framework of the Land Reform, restoring property rights of the former owners or their heirs or privatising apartments in multi-apartment residential buildings. The existence of such legal relationship created different lease problems and restrictions on the property rights to the owners of both the building and the land. To abolish the legal relationship related to divided real estate ownership, the Ministry of Justice of the Republic of Latvia has developed a draft law Regarding the Abolition of Mandatory Divided Real Estate Ownership in Multi-Apartment Buildings (hereinafter referred to as Draft Law). Unfortunately, in the opinion of authors of this article, there are serious shortcomings to the Draft Law which must be corrected. The aim of the research is to identify the problematic issues by selecting and analysing the legislation on the abolition of the divided real estate ownership, which is related to the calculation of redemption price, payment method and consequences of non-payment, which are not regulated by the new Draft Law. The article reflects research on the determination and calculation of redemption price reglamented by the Draft Law and also analyses the Law of December 8, 1938, On the Abolition of Divided Real Estate Ownership and its practical implementation, which may significantly influence the redemption price and the method of its calculation; however, the mentioned law has been disregarded in developing the Draft Law. Thus the research has both theoretical and practical significance. For the research purposes general research methods, such as historical, analytical, inductive, deductive, logical-constructive and descriptive methods, are used. For the interpretation of legislation norms, grammatical, systemic, teleological and historical methods are used.https://doi.org/10.1515/jec-2016-0021divided real estate ownershipapartment ownersland reform |
| spellingShingle | Dinsberga Jolanta Tiesniece Ilona Problems Related to the Abolition of Divided Real Estate Ownership Economics and Culture divided real estate ownership apartment owners land reform |
| title | Problems Related to the Abolition of Divided Real Estate Ownership |
| title_full | Problems Related to the Abolition of Divided Real Estate Ownership |
| title_fullStr | Problems Related to the Abolition of Divided Real Estate Ownership |
| title_full_unstemmed | Problems Related to the Abolition of Divided Real Estate Ownership |
| title_short | Problems Related to the Abolition of Divided Real Estate Ownership |
| title_sort | problems related to the abolition of divided real estate ownership |
| topic | divided real estate ownership apartment owners land reform |
| url | https://doi.org/10.1515/jec-2016-0021 |
| work_keys_str_mv | AT dinsbergajolanta problemsrelatedtotheabolitionofdividedrealestateownership AT tiesnieceilona problemsrelatedtotheabolitionofdividedrealestateownership |