US Supports Development of Real Estate Registry System in Azerbaijan

The main goal and objective of this cooperation is to develop the law on "Cadastre of Real Property" in order to increase the services and effectiveness of the real property registry and rights of property owners in Azerbaijan.

This assistance will include documenting and clarifying existing problems in registry operations; analysis of the current legislation; study of best practices of the world, as well analysis of appropriate legislation; development of a draft law; development of other normative documents needed to implement the new law as well as presentation of the draft law and explanation of its importance and use; organization of an international conference on immovable property cadastre and real property rights registration; conducting training; publication of articles in the mass media and project newsletters.

The Memorandum of Understanding will be signed between Muhammad Junaid, ACDI/VOCA Chief of Party and Arif Garashov, Chairman of State Real Estate Registry Service, APA reports.