Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 30, 2004 No. 214-FZ

About participation in shared-equity construction of apartment houses and other real estate objects and about modification of some legal acts of the Russian Federation

(The last edition from 25-12-2018)

Accepted by the State Duma on December 22, 2004

Approved by the Federation Council on December 24, 2004

Article 1. Subject of regulation of this Federal Law

1. This Federal Law governs the relations connected with attraction of money of citizens and legal entities for shared-equity construction of apartment houses and (or) other real estate objects (further - participants of shared-equity construction), for cost recovery on such construction and origin at participants of shared-equity construction of the property right to objects of shared-equity construction and the right of common ownership to common property in the apartment house and (or) other real estate object, and also establishes guarantees of protection of the rights, legitimate interests and property of participants of shared-equity construction.

2. The attraction of money of citizens connected with the property right to premises arising at citizens in apartment houses which at the time of attraction of such money of citizens are not put into operation according to the procedure, established by the legislation on town-planning activities (further - attraction of money of citizens for construction), is allowed only:

1) based on the agreement of participation in shared-equity construction;

2)  No. 175-FZ voided according to the Federal Law of the Russian Federation of 01.07.2018

3) are created by housing cooperatives which perform construction on the parcels of land provided to them in gratuitous fixed-term use from municipal property or state-owned property including according to the Federal Law of July 24, 2008 No. 161-FZ "About assistance to development of house construction" or according to the Federal Law of October 26, 2002 No. 127-FZ "About insolvency (bankruptcy)".

2.1. Attraction of money of citizens for construction in defiance of the requirements established by part 2 of this Article is forbidden. The transaction on attraction of money of citizens for construction made in defiance of the requirements established by part 2 of this Article can be acknowledged as court invalid only in the claim of the citizen who concluded such bargain.

2.2. Persons raising money of citizens for construction in defiance of the requirements established by this Article bear responsibility in accordance with the legislation of the Russian Federation.

2.3. Operation of this Federal Law regarding regulation of the relations in case of construction (creation) of apartment houses equally extends to the relations in case of construction (creation) of the apartment houses of the blocked building consisting of three and more blocks in case of attraction for construction (creation) of such houses of money of citizens and legal entities.

3. Operation of this Federal Law does not extend to the relations of legal entities and (or) individual entrepreneurs connected with investing activities on construction (creation) of real estate objects (including apartment houses) and not based on the agreement of participation in shared-equity construction. The specified relations are governed by the Civil code of the Russian Federation and the legislation of the Russian Federation on investing activities. Transfer to citizens of the rights by concession of the requirement for agreements which are signed by legal entities and (or) individual entrepreneurs and are connected with investing activities on construction (creation) of apartment houses and after which execution citizens have property right to premises in the under construction (created) apartment house, it is not allowed.

4. Operation of this Federal Law extends to the relations connected with attraction of money of citizens and legal entities for shared-equity construction of apartment houses and (or) other real estate objects and arising in communication:

1) with renovation of housing stock in the subject of the Russian Federation - the federal city of Moscow, taking into account the features provided by the Law of the Russian Federation of April 15, 1993 No. 4802-1 "About the status of the capital of the Russian Federation";

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.