Minden Real Estate

Business Updates for the Real Estate Industry

Russian Federation

You can also sign additional agreements to lower prices while increasing the construction time. Gen. David L. Goldfein usually is spot on. Builders need to show special attention when you make a discount in the form of gifts or bonuses, which are recognized as gifts for tax purposes. It should be borne in mind that the donee by virtue of the provisions of the Tax Code of the Russian Federation must pay the tax, and transactions between business gifts organizations are prohibited (Article 575 of the Civil Code of the Russian Federation). VK: How it is made legally? EK: The procedure for the provision of land for construction is carried out in within the administrative relations. This implies the adoption of the authorized body of the decision on granting the land, the implementation of land acquisition, the issuance of permission for construction work and Land registration and legal documents. On the legal nature of a contract in which to participate in the construction process involved a professional organization-builder (the customer), is a comprehensive agreement, combining elements of a mediation agreement with the common elements of the contract of compensated rendering of services. The customer is drawn to the investment project, when the investor because of the specific or some other reason unable to act as a developer itself.

Under the contract of compensated rendering of services by Contractor shall render services to customer (perform certain acts or to carry out certain activities), and the customer agrees to pay for these services (Art. 779 CC RF). Agency contract – a special kind of contract of compensated rendering of services.