How to participate in the land auction

In accordance with the instructions of the Land code, all land must be given to citizens on a paid basis during the auction or in order of priority. Auctions are held in regions where there are a large number of people wishing to obtain land and the queue stretched on for years.

You will need

• - the statement;
• - passport;
• - receipt about payment of 10% of the original value of the land.

Instruction

1. Contact your local municipality, a statement, to take part in the auction. Present your passport with registration. You will be asked to pay 10% of the original value of the land proposed for auction. You are required to pay the bill and submit a copy to the local administration.
2. About the beginning of the auction you will be notified in writing 30 days prior to the meeting. Bidding can begin if wishing to take part has accumulated more than two people. With a large demand for land for seeking land in the course of the auction gaining a lot, so the chances to win the tender to acquire the land the first time is very small.
3. If you are invited to participate in the auctionyou must have cash to pay for the right to issue the lease if the land is acquired for construction.
4. The bid increment may vary from 50-60 thousand to 100-150 thousand. It depends on the number of accepted bids from the bidders. As with any auction, the final price of the lot is called drawn by the participants themselves. In the course of trade can play a few dozen or hundred of land. Permissible to hold the auction, if the land is only one, but this happens very rarely.
5. If you won the auction, you must immediately pay the full amount for the right to build on the land. After that you will sign a lease, the terms of which are limited. Through the specified in the contract, you must enter a building into operation and to obtain a ruling on the transfer of land property. If you do not have time to complete construction, the amount of rent will increase significantly.
6. All the areas won in the auction are provided in the property for 2.5% of the cadastral value. It is a symbolic amount, so bidders are willing to pay for the privilege of using the land almost any price.
7. If you didn't win the auction, you will get paid 10% of the original value of the land within 7 working days.