LAW OF THE RUSSIAN FEDERATION

of July 4, 1991 No. 1541-1

About privatization of housing stock in the Russian Federation

This Law establishes the basic principles of implementation of privatization of the state and municipal housing stock of social use in the territory of the Russian Federation, determines legal, social and economic basis of transformation of the relations of property on the dwelling.

The purpose of the Law is creation of conditions for implementation of the right of citizens at free choice of method of requirements satisfaction in the dwelling, and also improvements of use and safety of housing stock.

The introduction in the property rights to the dwelling gives to citizens the chance to effectively make the investments, to perform accumulating of immovable property, to act with it in the real estate market, to masterfully use, use and dispose of the dwelling.

Section I. General provisions

Article 1. Privatization of premises - free transfer into the ownership of citizens of the Russian Federation on voluntary basis of the premises occupied by them in the state and municipal housing stock, and for the citizens of the Russian Federation who reserved the occupied premises - in the place of booking of premises.

Article 2. The citizens of the Russian Federation having right to use by premises of the state or municipal housing stock on the terms of the social hiring having the right to acquire them on the conditions provided by this Law, other regulatory legal acts of the Russian Federation and regulatory legal acts of subjects of the Russian Federation in common property or in property of one person, including minor with the consent of all these premises of full age faces and minors having the right to privatization aged from 14 up to 18 years.

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