Article 13. Amendment and termination of the agreement on equity participation in housing construction The Law on Equity Participation in Housing Construction

Home / RLA / Article 13. Amendment and termination of the agreement on equity participation in housing construction The Law on Equity Participation in Housing Construction

 Note from <url>! 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. After its conclusion, the agreement on equity participation in housing construction may be amended and/or supplemented by agreement of the parties in accordance with the procedure provided for by the civil legislation of the Republic of Kazakhstan. In such cases, additional agreements to the agreement on equity participation in housing construction are also subject to mandatory registration with local executive bodies.

2. The assignment by the shareholder of the right of claim under the agreement on equity participation in housing construction is allowed only after payment of the contract price or at the same time if the authorized company agrees to transfer the debt to a new shareholder in accordance with the civil legislation of the Republic of Kazakhstan in a non-cash manner.

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. The assignment by the shareholder of the right of claim under the agreement on equity participation in housing construction is allowed from the moment the agreement on equity participation in housing construction is registered with the local executive body at the location of an apartment building or a complex of individual residential buildings until the parties sign a transfer deed on the transfer of a share in a built apartment building or a complex of individual residential buildings.

4. In the event of the death of an individual shareholder or his declaration of death, the rights and obligations under the agreement on equity participation in housing construction shall pass to the heirs in accordance with the civil legislation of the Republic of Kazakhstan.

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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