Real Estate Acquiring  grounds by the Law for Compensation the Nationalized  Real Estate Owners (LCNREO) Cover Image
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Придобивни основания по Закона за обезщетяване на собственици на одържавени имоти
Real Estate Acquiring grounds by the Law for Compensation the Nationalized Real Estate Owners (LCNREO)

Author(s): Zlatimir Orsov
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Софийски университет »Св. Климент Охридски«

Summary/Abstract: The possibility for indemnity by the LCNREO exists only if the ex-owners or their heirs could not restore their nationalized real estate property for different reasons. The indemnity by the LCNREO is a derivative way of compensation and it will be followed when the following elements are at hand:1. Impossibility for restoring the real estate property further to Restoration of Na- tionalized Real Estate Property Act. The reasons for this can be different: because the nationalized real estate is not existing in the dimensions when expropriated, or because the nationalized real estate is not state property (or it is public state property), or be- cause the nationalized real estate is not municipal property (or it is public municipal property), or because the nationalized real estate is not a social organization property or it does not belong to their companies or to sole owned companies under the 61st Article from the Commercial Code;2. Application for indemnity shall be deposited, including the desired form of the indemnity which can be: co-ownership, stocks, shares or compensation bonds; 3. A valid individual administrative act which has come into force; 4. The fourth element of the real estate acquiring ground depends on the specified in the application desired form of the indemnity. It can be: 5. If the form of indemnity is indemnity with co-ownership - the buildings should be build on the nationalized land or on that land, to which the nationalized land is added to;

  • Issue Year: 2001
  • Issue No: 4
  • Page Range: 63-75
  • Page Count: 13
  • Language: Bulgarian