System of land share rent registration simplified

System of land share rent registration in Ukraine will be simplified starting from February 12, 2014, press office of the State Registration Service informs.

According to the head of the State Registration Service Dmytro Vorona, earlier to register the lease of the land share, it was necessary first to register ownership of the land, then - a lease for it, and only then it was possible to issue the extension of that contract.

"Starting from February 12, we will be able to register lease contract ant its extension directly, in a separate section, without first registration of proprietary right. Thus, we’ll greatly simplify the registration actions. This is especially true for rural areas, where a large number of shares and their rent are drawn up," Vorona said.