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ADEQUATE AMOUNT OF ALIENATED OWNERSHIP MUST BE MARKET PRICE + 5%
Panorama.am
17:29 06/07/06
Justice minister Davit Harutunyan told today that the adequate sum
for taking the ownership of alienated territories must be market
price +5%. The minister presented draft law "On alienated ownership
for public and state needs" at the National Assembly today.
According to the document, market price is set according to the
agreement between the parties. The owner may also get a flat which
will be deducted from the paid sum. D. Harutunyan said the interested
party must submit a profitable offer to the owner within 3 month. The
ownership may be taken after 3 months expire by court decision if an
agreement is not reached within that period. The interested party
must transfer the compensation money to the deposit account of the
court.
Panorama.am
17:29 06/07/06
Justice minister Davit Harutunyan told today that the adequate sum
for taking the ownership of alienated territories must be market
price +5%. The minister presented draft law "On alienated ownership
for public and state needs" at the National Assembly today.
According to the document, market price is set according to the
agreement between the parties. The owner may also get a flat which
will be deducted from the paid sum. D. Harutunyan said the interested
party must submit a profitable offer to the owner within 3 month. The
ownership may be taken after 3 months expire by court decision if an
agreement is not reached within that period. The interested party
must transfer the compensation money to the deposit account of the
court.