Restrictions on Acquisition of Immovables Act.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC098241

Resource information

Resource Language

English

ISBN / Resource ID

LEX-FAOC098241

Pages

8

License of the resource

Copyright details

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Act provides the restrictions on the acquisition of immovables arising from public interest. For the purposes of this Act, public interest is, in particular, development of the management for specific purposes of immovables used as profit yielding land which contain usable agricultural area or parcels of forest land. A natural person who is neither an Estonian citizen nor the citizen of anyContracting State or a legal person who is not entered in the appropriate Estonian register may acquire an immovable used for profit yielding land, the land use type categories of which include agricultural or forest land only with the authorization of the county governor. In the case of a transaction which violates the restrictions, the county governor of the location of the immovable shall,in the name of the state, request correction of the land register entry and, in the case of a dispute, shall have recourse to a court for recognition of the nullity of the transaction.

Repealed by: Restrictions on Acquisition of Immovables Act (2012) (2018-01-01)

Legislation