of April 18, 2002 No. 989-XV
About estimative activities
The Parliament adopts this organic law.
This law establishes the legal basis of implementation of assessment of property and property rights, professional estimative activity, the state and public regulation of such activities, provides creation of system of independent assessment of property and the rights to it for protection of legitimate interests of the state, other subjects of legal relations in the field of assessment of property and property rights, and also for adequate use of results of assessment.
The basic concepts used in this law have the following value:
estimative activities - the activities performed by the companies for assessment directed to determination of market or other value of objects of assessment;
assessment - process of cost determination of object of assessment for specific date taking into account the physical, economic, social and other factors influencing cost;
the appraiser - the physical person with good reputation who got the corresponding higher education having the certificate of the appraiser, sufficient work experience in area of assessment, high professional level and having competence for implementation of estimative activities;
the company for assessment - the legal entity or physical person registered in accordance with the established procedure in the Republic of Moldova as the company irrespective of type of property and form of business;
the certificate of the appraiser - the allowing document issued by the Commission on certification of appraisers confirmatory that his holder owns knowledge and skills necessary for implementation of estimative activities;
the valuation report - the document constituted by the appraiser in written or electronic form upon termination of process of cost determination of object of assessment;
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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