Article 11. An agreement on shared participation in housing construction and an agreement on shared participation in housing construction as part of renovation The Law on Equity Participation in Housing Construction

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Article 11. An agreement on shared participation in housing construction and an agreement on shared participation in housing construction as part of renovation The Law on Equity Participation in Housing Construction

1. An agreement on shared participation in housing construction and an agreement on shared participation in housing construction within the framework of renovation shall be concluded in electronic form by means of an electronic digital signature certificate and shall be deemed concluded from the moment it is registered with the local executive body at the location of an apartment building or a complex of individual residential buildings in accordance with the procedure provided for in Article 12 of this Code. The law.

2. The parties to the agreement on shared participation in housing construction and the agreement on shared participation in housing construction within the framework of renovation must inform each other about changes in the actual address and (or) other personal data in writing within thirty calendar days.

3. The agreement on equity participation in housing construction shall specify the number and date of issuance of a permit to attract money from shareholders or the number and date of the concluded guarantee agreement.

The number and date of the concluded renovation guarantee agreement are indicated in the agreement on shared participation in housing construction.

4. An agreement on equity participation in housing construction within the framework of renovation is concluded on the terms:

1) equivalence of compensation in terms of room size (the living area of the received share must be at least less than the living area of the renovation object transferred by the owner of the immovable property);

2) equivalent compensation.

Other conditions are established by agreement of the parties in accordance with the civil legislation of the Republic of Kazakhstan.

5. Agreements on equity participation in housing construction within the framework of renovation, concluded with the owners of real estate of renovation facilities, are signed within the time limits set out in the standard form of a guarantee agreement within the framework of renovation.

6. The transferred share under the agreement on equity participation in housing construction in the framework of renovation must comply with established construction, sanitary-epidemiological, environmental, fire-fighting, technical and other mandatory standards.

7. Under the agreement on equity participation in housing construction as part of the renovation, the authorized company is obliged to reimburse the owners of the renovation facility and (or) the immovable property included in the renovation facility for the rental of temporary housing and (or) other expenses in accordance with the procedure for providing the authorized company with temporary housing and (or) compensation payments to the owners of the renovation facility and (or) real estate included in the renovation project.

8. The owner of the renovation facility or the immovable property included in the renovation facility must accept the share within thirty calendar days from the date of receipt of the notification of the need to sign a share transfer agreement from an authorized company.

9. Upon occurrence of a guarantee event, the obligations of the authorized company to the owners of the renovation facility and (or) the immovable property included in the renovation facility to provide temporary housing and (or) compensation payments are carried out in accordance with the procedure for providing the authorized company with temporary housing and (or) compensation payments to the owners of the renovation facility and (or) the immovable property included in the renovation facility. to the renovation facility.

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.

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Republic of Kazakhstan

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