ENGARDE’s Senior Associate Pavlo Oliinyk has published an article on succession of property rights for residential property under construction. Using a specific situation as an example the author thoroughly highlighted important aspects of investing in housing. Pavlo stressed the need for competent legal action throughout the course of relations in the investor-developer-successor triangle. In particular, he dealt with purchasing real estate under construction by means of installments.
In the end, the author noted that investors would be on the safe side if they approach a competent lawyer for help. Because care to detail and diligence are intrinsic to the lawyer’s work.
You can read the unabridged article in Ukrainian by following the link.