Article 17. Transfer of a share in an apartment building or a complex of individual residential buildings The Law on Equity Participation in Housing Construction

Home / RLA / Article 17. Transfer of a share in an apartment building or a complex of individual residential buildings The Law on Equity Participation in Housing Construction

IZPI's note! Paragraph 1 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

1. The authorized company is obliged to transfer to the shareholder his share in the constructed multi-apartment residential building or a complex of individual residential buildings no later than the deadline stipulated by the agreement on equity participation in housing construction.

IZPI's note! Paragraph 2 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

2. The transfer to the shareholder of his share in an apartment building or a complex of individual residential buildings is carried out by an authorized company after signing the act of acceptance of the built apartment building into operation.

Note from <url>! Paragraph 3 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

3. After signing the act of acceptance of the constructed multi-apartment residential building or a complex of individual residential buildings for operation, the authorized company has the right to prematurely fulfill its obligations to transfer shares in an apartment building or a complex of individual residential buildings to shareholders.

Note from <url>! Paragraph 4 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

4. The authorized company is obliged to send a letter to the shareholder on the completion of the construction of an apartment building or a complex of individual residential buildings in accordance with the agreement on equity participation in housing construction and on the readiness of the share for transfer, as well as to warn the shareholder about the need to accept the share and about the consequences of the shareholder's inaction provided for in the agreement on equity participation in housing construction. The letter must be sent by registered mail with a notification of receipt by the recipient of the postal item or delivered to the shareholder personally against receipt.

Note from <url>! Paragraph 5 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

5. An equity holder who has received a written notification from an authorized company about the completion of the construction of an apartment building or a complex of individual residential buildings and the readiness of a share in an apartment building or a complex of individual residential buildings for transfer is obliged to proceed to its acceptance within the time period stipulated in the agreement on equity participation in housing construction or, if such a period is not specified, within ten working days from the date of receipt of the specified notification.

6. An equity holder who finds deviations from the design estimates and the agreement on equity participation in housing construction during the acceptance of work results has the right to demand that the identified deficiencies be eliminated from the authorized company within the time period agreed by the parties.

The Law of the Republic of Kazakhstan dated April 7, 2016 No. 486-V SAM.

This Law regulates public relations related to the activities of equity participation in the housing construction of multi-family residential buildings by attracting money from individuals and (or) legal entities, and also establishes guarantees for the protection of the rights and legitimate interests of the parties to the agreement on equity participation in housing construction.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases