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Comprehensive Auction Terms for Land Plot Redemption by RHD Foundation

The RHD Foundation outlines the conditions for the auction and redemption of land plots, allowing for redemption at any stage of development post-approval of planning and surveying. Certain public and residential plots are exempt from redemption. The payment schedule during the auction factors in an optimal mix of initial assessments, reduced lease payments during a grace period, and determined rates by state authorities. The framework aims to facilitate housing construction while maintaining clear terms on lease agreements and payment adjustments throughout land development.

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Comprehensive Auction Terms for Land Plot Redemption by RHD Foundation

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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") forthefirstsevenquartersfromthedateofsigningthelandplotacceptanceandtransfercertificate. Thepartbywhichtheleasepaymentofthegraceperiodisreducedshallbeevenlydistributedforallyearsofleaseofthelandplotorformedlandplotsfollowingaftertheexpirationofthegraceperiodtilltheendofdevelopmentoftheterritory. 3. TheredemptionpriceoftheformedlandplotsshallbedeterminedinaccordancewiththeratesfortheplotsoflandinstateormunicipalownershipapprovedbythestateauthoritiesoftheconstituententityoftheRussianFederation. Duringimplementationofthemeasuresoncomplexdevelopmentoflandplotsforthepurposeofhousingconstructiontheleaseagreementsfortheformedlandplotsshallbeterminatedafterthefacilitiesbuildthereonarecommissioned. Thus, whiletheannualleaserateremainsthesame, theleasepaymentamountwillbechangeddependingonthelanddevelopment. RHD Foundation - 2 -

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