State Registration Of Real Estate Rights: Changes In The Procedure For Certification And Amount Of The Fee For Provision Of Information From Registers

The Federal Law, dated 3 July 2016, No. 360-FZ (hereinafter - the 'Law No. 332-FZ') amended Article 14 'Certification of State Registration of Rights' of the Federal Law, dated 21 July 1997 No, 122-FZ 'On State Registration of Real Estate Rights and Transactions Therewith' (hereinafter - the 'Registration Law').

The relevant changes entered into force from 15 July 2016.

1. New Procedure to Certify the State Registration of Emergence and Transfer of Real Estate Rights

   Pursuant to the new wording of the Registration Law, the state registration of emergence and transfer of real estate rights shall be certified with an extract from the Unified State Register of Rights (hereinafter - the 'EGRP' (ediny gosudarstvenny reestr prav)).

   Thus, the legislator refused the previous approach, under which the state registration of emergence and transfer of the real estate rights at the right holder choice could be certified with a certificate of state registration of rights, or an extract from the EGRP.

   From the date of entry into force of the Law No. 360-FZ, the issue of new certificates on the state registration of rights, including duplicates, terminates.

   The standard form of an extract from the EGRP, which certifies the state registration of rights is approved by the Order of Ministry of Economic Development of the Russian Federation, dated 22 March 2013, No. 147 (hereinafter - the 'Order'). According to the Order, the extract from shall contain information about the real estate, right holder, type, number and date of state registration, restrictions (encumbrances) on the rights, as well as other legally relevant data. An extract from the EGRP can be issued in a hard copy or e-form.

   From 1 January 2017, extracts...