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Convenient Auction Process for Land Plot Development

Learn about the conditions and payment schedule for auctioning land plots for residential and general use. Understand the process from planning to development.

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Convenient Auction Process for Land Plot Development

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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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