Adopted the Law of Ukraine No. 2195 "On Amending Certain Legislative Acts Regarding Sale of Plots of State or Title to Them (Lease, Superficies, Emphyteusis) Through Electronic Auctions.
The Law of Ukraine introduces mandatory sale of plots of state or communally owned land or title to them (lease, superficies, emphyteusis) through state electronic auctions within a unified trading system which will operate in the manner established by the Cabinet of Ministers.
Land auctions will be conducted in accordance with the agreement with the organizer, where the processes of bidding and submission of applications for participation are automated. Based on the results of the auction, an agreement will be concluded with the winner of the auction who offered the highest price. The bidding for state or communally owned lands will be performed by the decision of the bidding organizer, the decision will indicate the starting price, the timeframe for and terms of using the plot, and the person authorized to enter into the contract.
The Law of Ukraine establishes guarantees of integrity, registration and guarantee fees – the amount of the guarantee fee may not be less than 30% of the starting sale price or of the amount of the annual fee for the use of the plot. Guarantee fees will not be refunded if not a single bid has been received or when the bidding protocol and the contract based on the results of the bidding have been signed, but the due amount if not a single bid has not been paid.
The starting price of state or communally owned agricultural lands will be equal to the normative monetary assessment and of other lands, may not be lower than the expert monetary assessment.