the Federation Council at session on Wednesday approved amendments to the law on joint construction, which allows to simplify the completion of problem objects. It includes the following steps.
Means the compensation Fund can now be used for the completion of all homes, regardless of the payment of contributions on a specific object.
the Fund for the protection of rights of investors will be able to manage unfinished objects after it paid compensation to the deceived participants of construction.
escrow Account with the funds of shareholders will be open after putting the house in operation, and not the first right of ownership. But the pledge of the land on which the house is built, is terminated simultaneously with the cadastral registration.
the law establishes the duty of the governors to ensure the restoration of the rights of participants of construction, if information about them is included in the register of affected citizens, but the house was never built.
According to the head of the Federation Council Committee on Federal structure Oleg Melnichenko, the construction industry has long waited for this law. For the developers, said the Senator, a very important possibility of opening escrow accounts on the basis of the permission to object input in operation.
