A Decision that Will Change the Balance in Land Registry: The Constitutional Court Annulled the Regulation Regarding the Right of Pre-Emption in Co-Ownership.
7 Articles
7 Articles
The Constitutional Court has annulled the regulation that stipulated that the market value of a share in a jointly owned property should be determined by a judge in the exercise of the right of pre-emption. The High Court ruled that determining the sale price by the court instead of the free will of the parties disrupted a fair balance between interests. The decision will come into effect nine months later.
The Constitutional Court has annulled the legal provision that stipulated that the amount to be paid in pre-emption lawsuits involving jointly owned real estate should be determined by the judge according to the market value (fair market value). The decision is reported to come into effect after 9 months.
The Constitutional Court annulled the regulation that stipulated that the market value of a share in jointly owned land and fields should be determined by the court when exercising the right of pre-emption. Furthermore, a nine-month period was granted for the decision to take effect. The article "Constitutional Court Decision on Joint Ownership Titles: Regulation Annulled" first appeared on HaberX.
The Constitutional Court annulled the regulation that stipulated that the market value of a share in a jointly owned property should be determined by a judge when exercising the right of pre-emption. The provision, found to be unconstitutional, will cease to be in effect after 9 months.
The Constitutional Court (AYM) annulled the rule stipulating that the market value of a share in a jointly owned property must be determined by a judge in the exercise of the right of pre-emption, finding it unconstitutional. The annulment will come into effect nine months later.
The Constitutional Court (AYM) has annulled the phrases "market value," "without delay," and "definite period" in the article of the Civil Code regulating the right of pre-emption in jointly owned property. The annulment decision will come into effect after 9 months.
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