How To Sell Shares In A Privatized Apartment

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How To Sell Shares In A Privatized Apartment
How To Sell Shares In A Privatized Apartment

Video: How To Sell Shares In A Privatized Apartment

Video: How To Sell Shares In A Privatized Apartment
Video: GTA 5 How to Sell your House, Apartment, Garage 2024, March
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In accordance with Art. 246 of the Civil Code of the Russian Federation, a participant in shared ownership has the right, at his discretion, to sell, donate, bequeath, pledge his share of the property, or dispose of it in another way.

How to sell shares in a privatized apartment
How to sell shares in a privatized apartment

Instructions

Step 1

Talk to the rest of the shared ownership of the apartment. They may also want to sell their shares. Then you can sell the entire apartment and divide the proceeds in proportion to the shares in the apartment or by agreement.

Step 2

If other participants in the property do not want to sell their shares, notify them in writing about the sale of their shares, their price and other terms of sale (Article 250 of the Civil Code of the Russian Federation). Other owners have a pre-emptive right to purchase.

Step 3

If all participants in shared ownership refuse to purchase, feel free to put up your shares for sale (Article 250 of the Civil Code of the Russian Federation). But, remember that the right to purchase your shares is retained by other participants in the shared ownership for a month. The refusal to purchase must be in writing.

Step 4

Collect the necessary documents for the sale of shares in the apartment and invite the buyer to a notary.

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