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RHD Foundation - Convenient Auction Conditions for Land Plots

The auction conditions for land plots by RHD Foundation offer a convenient payment schedule based on land development stages and lease agreements. The redemption and lease payment terms are detailed for optimal usage.

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RHD Foundation - Convenient Auction Conditions for Land Plots

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  1. Main conditions of the auction * The redemption may be carried out at any stage of the land plot development after the land planning and surveying project is approved and new land plots are formed. The territories of general use and land plots under residential houses with flats transferred into ownership of individuals shall not be redeemed. RHD Foundation

  2. Convenient payment schedule Theconvenientpaymentscheduleimpliesoptimalratioofthreecomponentsofpaymentforthelandplot: 1. BasedontheassessmentperformedinaccordancewiththelegislationoftheRussianFederationonassessmentactivitythestartupvalueofpaymentfortherighttoconcludethe RHD Foundation'slandplotleaseagreementwasdeterminedbutitsfinalvalueshallbedeterminedduringtheauction; 2. Theleasepaymentsshallbedistributedforthewholeconstructionperiodsothattheleasepaymentreducedbytwotimesisestablishedforthelandplottherightofconclusionoftheleaseagreementofwhichisacquiredattheauction (hereinafterreferredtoasthe "landplot") orthelandplotswhichareformedasaresultoflandsurveyinginaccordancewiththelandsurveyingproject (hereinafterreferredtoasthe "formedlandplots") forthefirstfourquartersfromthedateofsigningthelandplotacceptanceandtransfercertificate. Thepartbywhichtheleasepaymentofthegraceperiodisreducedshallbeevenlydistributedforallyearsofleaseofthelandplotorformedlandplotsfollowingaftertheexpirationofthegraceperiodtilltheendofdevelopmentoftheterritory. 3. TheredemptionpriceoftheformedlandplotsshallbedeterminedinaccordancewiththeratesfortheplotsoflandinstateormunicipalownershipapprovedbythestateauthoritiesoftheconstituententityoftheRussianFederation. Duringimplementationofthemeasuresoncomplexdevelopmentoflandplotsforthepurposeofhousingconstructiontheleaseagreementsfortheformedlandplotsshallbeterminatedafterthefacilitiesbuildthereonarecommissioned. Thus, whiletheannualleaserateremainsthesame, theleasepaymentamountwillbechangeddependingonthelanddevelopment. RHD Foundation - 2 -

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