Narva Municipality Implements Procedure for Managing Residential Premises Owned by the City

The Narva City Government has enacted a regulation to manage residential premises owned by the city. The regulation, City Council Regulation No. 18 of 29.10.2020, governs the use and transfer of these premises. According to the regulation, tenants who reside in properties not subject to transfer are ineligible to purchase an apartment. The Narva City Government's Urban Economy Department maintains a record of such premises. The selling price for transferred dwellings is calculated by multiplying the privatization price by a coefficient of 15, and full payment is required within two days of the notarial sales contract. The buyer bears the notary fees related to the sales contract, which must be concluded within one month of the sales decision. Tenants seeking to acquire a dwelling must submit a formal application to the City Economic Development Board, accompanied by specific documents, including an identity document, a municipal apartment lease agreement, and evidence of no debts from the apartment association and the Narva Linna Foundation.

Key Takeaways:

• Tenants living in premises declared not subject to transfer are ineligible to purchase an apartment under the new regulation.
• The selling price for transferred dwellings is calculated by multiplying the privatization price by a coefficient of 15.
• The buyer bears the notary fees related to the sales contract, which must be concluded within one month of the sales decision.
• Tenants must submit a formal application to the City Economic Development Board, accompanied by specific documents, including an identity document, a municipal apartment lease agreement, and evidence of no debts.
• The Narva City Government's Urban Economy Department maintains a record of premises not subject to transfer.
• The City Economic Development Board discusses submitted applications, and the final decision is made by the city government.
• The City Council Regulation No. 18 of 29.10.2020 regulates the use of residential premises owned by the city of Narva.
• Tenants with outstanding debts on their municipal apartment are not eligible to acquire a dwelling.

Statistics:

• 1:1 ratio of municipal apartment ownership to eligibility for acquisition under the regulation.
• 15: The coefficient by which the privatization price is multiplied to determine the selling price for transferred dwellings.
• 2 days: The time limit within which the buyer must pay the selling price in full before the notarial sales contract.
• 29.10.2020: The effective date of the City Council Regulation No. 18.

Sources:

• City Council Regulation No. 18 of 29.10.2020
• Narva Linnaelamu Foundation (Energia Street 4, accounting tel. 515 4004)