A plot outside the city is currently becoming a good acquisition. It's no secret that many of them have multiple owners. Therefore, the purchase of a share of a land plot that is in common shared ownership has become a common thing. You just need to correctly draw up the sales contract and the relevant documents.
Instructions
Step 1
Obtain a refusal from the owners in the preemptive right to purchase a share of a land plot to complete a transaction when selling a share. This expands the list of required documents for registration of sale and purchase in the future.
Step 2
Indicate to the shareholder the value of the share sold. It should be borne in mind that in case of refusal by the predominant buyer (owners of the land plot) from the transaction, the share price cannot be changed. In case of violation of these conditions, any participant in the shared ownership acquires the right within 3 months to demand in court the transfer of the buyer's rights to him. If the owner turns out to be entitled to sell his share, then the buyer and the seller conclude an agreement for the sale and purchase of a share in a land plot that is in common ownership, in the same manner as when concluding a sale and purchase agreement for a land plot.
Step 3
Prepare documents for the sale and purchase of a share. These include: a certificate of state registration for a share of a land plot and buildings on it (if any), documents of title (purchase and sale, inheritance, a donation agreement, etc.), an extract from the cadastral passport for the land plot. After completing the transaction, the new owner is obliged to register it with the registration service. For example, when realizing a share in the ownership of a land plot (in a settlement), when there are no real estate objects on it (the plot), when concluding a sale and purchase agreement, documents that define the details of the alienated plot, namely: cadastral number, category, permitted use, total area, location, besides its price and other essential conditions important for the parties. All equity holders are in the right of common shared ownership and have the priority right to redeem a share at a given value and on equal terms, except in the case of sale at a public auction.
