of December 22, 2021 No. 155
About estimative activities
Accepted by Jogorku Kenesh of the Kyrgyz Republic on November 10, 2021
This Law governs the legal basis and the relations arising when implementing estimative activities in the Kyrgyz Republic.
Estimative activities are performed according to this Law and regulatory legal acts of the Kyrgyz Republic regulating estimative activities and also the international treaties which became effective according to the legislation of the Kyrgyz Republic.
In this Law the following basic concepts are used:
1) assessment - the process of determination (calculation) of project cost of assessment as of specific date which is carried out by the appraiser (the estimative organization) according to this Law and other regulatory legal acts following from this Law;
2) the appraiser (the independent appraiser) - the physical person having the qualification certificate on implementation of estimative activities issued according to the procedure, determined by the Cabinet of Ministers of the Kyrgyz Republic;
3) the estimative organization - the legal entity registered in the procedure established by the legislation which core activity are estimative activities, and having at least two appraisers having the qualification certificate in the state;
4) the customer - the physical and (or) legal entity who signed the contract for evaluating;
5) cadastral assessment - value assessment of the object of assessment which is subject to the state cadastral registration;
6) the valuation report - the written instrument constituted by the appraiser (the estimative organization) by results of the carried-out assessment for confirmation of professional opinion on assessment project cost;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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