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Foreigners could not buy farmland and wooded land


https://www.ipn.md/en/foreigners-could-not-buy-farmland-and-wooded-land-7966_1045326.html

The farmland and wooded land could be bought and sold only by the citizens of the Republic of Moldova. The foreigners, if they inherit land, will be obliged to sell this within a year. The provisions were included in the new Land Code approved by the Cabinet, IPN reports.

The land ownership right will be inserted in the Register of Real Estate. The new Land Code includes a new classification of land by purpose. Thus, there will be farmland, lands of a special purpose, wooded land, water land, land for construction, nature reserves and land of a historical-cultural value. The control over the use and protection of public and private land will be undertaken by the local public authorities.

To solve the problem of uncultivated or abandoned land, the new Land Code enables to transfer such land to the local public authorities for a period of at least five years. If a piece of land is not cultivated for over two years, the mayor’s office will open a special account to which it will transfer 70% of the rent to the owner, while 30% will remain for administrative costs.

Also, the automated information system could be used to store data about land. The information in the system will be updated within 30 days of the taking of the decision concerning the change of the land’s purpose or of the method of using this. Currently, the information is collected by the local public authorities on paper and is annually presented to the Agency for Land Relations and Cadaster.