The shared construction of residential houses and other real estate objects (records of the Mejlis of Turkmenistan, 2012, no. 1, art. 40) (with amendments of Laws No. 84 03.05.2014-V, 08.11.2014, no. 147-V and 18.08.2015, no. 276-V) this Act establishes the legal, economic and organizational bases for activities in the field of shared construction, regulate the relations associated with the share of the construction of residential houses and other real estate objects at the expense of attraction of funds of individuals and legal entities establishes safeguards for the protection of the rights and legitimate interests of investors and developers.
 
Chapter 1. General provisions Article 1. The basic concepts used in this law for the purposes of this Act, the following basic concepts are used: 1) share construction-construction type, where developers have attracted cash investors for construction of residential houses and (or) other real estate objects;  
2) developer is a legal entity established in accordance with the legislation of Turkmenistan, which attracts cash equity for in-house construction and (or) with the assistance of third parties of the dwelling house and (or) a property on land given to him in the manner prescribed by the legislation of Turkmenistan;
3) Investor-Turkmen citizen who has attained eighteen years of age, permanently residing in Turkmenistan, a natural person engaged in business activity without establishment of legal entity, the legal entity established in accordance with the legislation of Turkmenistan, concluding with the developer shared construction participation agreement of an apartment house or other real estate property (hereinafter referred to as the shared construction participation agreement);
4) shared construction participation agreement-contract between a builder and a co-investor under the governing legal relations connected with the construction of the object of shared construction;
5) houses-odnokvartirnye houses included in the residential complex and residential houses consisting of two or more apartments, as well as socio-cultural, administrative, residential and shopping destination located in these residential homes, built at the expense of attraction of funds of investors;
6) other properties-detached objects of socio-cultural, administrative, domestic, commercial and industrial purposes, built at the expense of attraction of funds of investors;
7) permission to commissioning-priëmočnoj Act of the State Commission on acceptance of the dwelling house and (or) other real estate property.
 
Article 2. The legislation of Turkmenistan in the area of shared construction 1. The legislation of Turkmenistan in the area of shared construction is based on the Constitution and consists of this law and other normative legal acts of Turkmenistan.
2. If an international treaty to which Turkmenistan stipulates other rules than those contained in this Act, the rules of the international treaty shall apply.
 
Article 3. The scope of this law 1. This law shall apply to the relationship between buyers and developers based on the contract of participation in share participation construction or other contractual obligations, equity-related construction.
Part 2 repealed by Act No. 84 03.05.2014-V Article 4. Objects share construction Objects share construction are: 1) flats and houses odnokvartirnye (hereinafter referred to as the flat; 2) socio-cultural objects, administrative, residential and shopping destination or their private part located in multi-family houses;
3) individual parts detached objects of socio-cultural, administrative, domestic, commercial and industrial purposes.
 
Chapter 2. State regulation and control in the field of shared construction Article 5. State regulation and control in the field of share construction of State regulation and control in the field of shared construction is carried out by the Cabinet of Ministers of Turkmenistan, as well as notified body in the field of construction (hereinafter referred to as the authorized body) and local bodies of executive power, where the shared construction of dwelling houses and (or) other real estate objects.
 
Article 6. Competence of the Cabinet of Ministers of Turkmenistan Cabinet of Ministers of Turkmenistan: 1) defines the State policy in the field of shared construction;
2) defines the authorized body in the sphere of shared construction;
3) approves the contract of participation in share participation construction;
4) adopt normative legal acts in the field of shared construction;
5) exercises control in the area of shared construction;
6) exercise other functions in the field of shared construction.
 
Article 7. Competence of the authorized body Empowered body: 1) implements the State policy in the field of shared construction;
2) within the limits of its competence, normative legal acts in the field of shared construction;
3) gives the developer who shared construction of residential house, written permission to share construction activities, except the developer implementing the shared construction of dwelling house in accordance with the acts of the President of Turkmenistan;
4) performs registration of treaties on shared construction;

5) monitors the purposeful use of developer engaged in share construction of residential house, money paid by buyers, except the developer implementing the shared construction of dwelling house in accordance with the acts of the President of Turkmenistan, 6) direct developer who shared construction of residential house, instruction on Elimination of revealed violations of the legislation of Turkmenistan, except the developer implementing the shared construction of dwelling house in accordance with the acts of the President of Turkmenistan;
61) suspends written permission in cases of non-compliance with requirements for up to removing the revealed violations but not more than 90 calendar days from the date of issue of the precept;
62) asked the Court for annulment of the written permission in cases of non-compliance with regulations within a period not exceeding 90 calendar days from the date of its issue;
7) considers appeals of citizens and juridical persons, violations of this Act; 
8) provides developers and share the necessary advice on the shared construction;
9) develops and submits for approval by the Cabinet of Ministers of Turkmenistan, the Model Treaty on shared construction;
10) exercise other functions in the field of shared construction, referred to his competence.
 
Article 8. The competence of local authorities local executive authorities: 1. Provide the developer land and give permission for the construction of residential houses and (or) other property in accordance with the legislation of Turkmenistan;
11) issue developer permission for commissioning the object shared construction;
12) issue certificates of ownership on share construction objects in the manner prescribed by the legislation of Turkmenistan;
2 developers) direct binding orders to eliminate violations of the requirements of the legislation of Turkmenistan, shall take necessary measures to attract developers to the responsibility envisaged by the legislation of Turkmenistan;
3) consider complaints from citizens and legal persons associated with violations of this Act;
4) exercise other functions in the field of shared construction, referred to their competence.  
 
Article 9. Mandatory requirements to the developer 1. For the implementation of shared construction Builder must: 1) at the time of registration of the contract of participation in share participation construction have equity, minimum size of which is determined by the Cabinet of Ministers of Turkmenistan;
2) to audit the annual financial statements;
Item 3 repealed the Act of 03.05.2014 g. 4) to carry out insurance for constructing object during its construction and maintenance in accordance with the procedure set out by the insurer.
2. The Cabinet of Ministers of Turkmenistan has the right to set and other requirements for developers.
 
Article 10. Written permission to share construction organizations activity 1. The developer, in addition to meeting the requirements of paragraph 1 of article 9 of this law, must obtain the written permission of the authorized body on share construction activities. The developer is not required to obtain the written authorization of the authorized body on the shared construction and not subject to the requirements established by the first part of article 9 of this Act, if the developer: 1) signed a contract of participation in share participation construction of residential house before December 1, 2014 onwards;
2) carries out share construction: a) houses in accordance with the acts of the President of Turkmenistan;
(b)) other real estate objects.
2. To obtain a permit for the shared construction developer shall submit to the competent authority a copy of documents certifying the availability: 1) land for construction of residential houses, given to him in the manner prescribed by the legislation of Turkmenistan;
2) positive conclusion of the relevant expertise of the design-budget documentation of a dwelling house;
3) licenses for carrying out construction works issued in accordance with the legislation of Turkmenistan. If residential construction is carried out by the developer does not on its own, it is a copy of the license to the authorized agency contractor to undertake such work, (c) which signed a contract for the execution of construction works;
4) of the Treaty for the implementation of technical control over the execution of construction works.
 
Chapter 3. Reasons and conditions for the exercise of share construction Article 11. Shared construction participation agreement 1. The basis for the implementation of shared construction participation agreement is shared construction concluded in writing in accordance with the model treaty participation in share participation construction.

2. According to the contract of participation in share construction object shared construction which is flat, I may only be a person who is a citizen of Turkmenistan. According to the contract of participation in share participation construction, share construction object which is a separate part of the detached objects of socio-cultural, administrative, domestic, commercial and industrial use, as well as an object of social-cultural, administrative, residential and shopping destination or its separate part located () in a tenement house buyers could be made only by individuals involved in business activity without establishment of legal entity, and legal persons established in accordance with the legislation of Turkmenistan;
 
Article 12. The conclusion of the contract of participation in share participation construction 1. The reason for the conclusion of the contract of participation in share participation construction are written appeals of citizens and juridical persons submitted by the developer.
2. The developer is obliged to keep the registration written appeals of citizens and juridical persons to the conclusion of the contract of participation in share participation construction.
the second sentence of the second void 03.05.2014 g.
3. The developer shall conclude treaties participation in share participation construction considering the sequence of received written applications.
4. Before conclusion of the contract of participation in share participation construction investor has the right to ask the developer for consultation: 1) constituent documents of the Builder;
2) certificate of State registration of the Builder;
3) certificate of registration registration in tax authorities;
item 4 repealed the Act of 03.05.2014 g.
5) project documentation, which includes all the changes in the ChangeLog;
item 6 repealed the Act of 03.05.2014 g.
5. If the object of shared construction is the investor before conclusion of the contract of participation in share participation construction is also entitled to demand from the developer to familiarize the audit report for the last year of implementation of the developer of financial and economic activity and document confirming insurance developer constructing object for the period of its construction and maintenance.
 
Article 13. Mandatory requirements to the content of the Treaty 1. Shared construction participation agreement must contain: 1) object name share construction; 
2) timing of completion of dwelling house and (or) other real estate property;
3) cost share construction object;
4) the rights, duties and responsibilities of the parties;
5) sizes and terms of payment of the cost of share construction object, as well as the conditions and procedure for refund dol′ŝika upon termination of the contract of participation in share participation construction;
6) information on available from the developer (contractor) license to perform construction works;
7) quality assurance share construction object;
8) details of the parties.
Part 2 repealed the Act of 03.05.2014 g. 3. In some cases, the Cabinet of Ministers of Turkmenistan may stipulate other requirements to the content of the contract of participation in share participation construction.
 
Article 14. Notarization and registration of the contract of participation in share participation construction 1. The developer within thirty calendar days from the date of signature of the Treaty I participation in share participation construction or supplementary agreement thereto is four instances of the Treaty or complementary agreements to the authorized body to verify their compliance with the requirements stipulated in the first part of article 13 of this law, as well as drafting the Declaration. Designated authority within ten working days of considering the shared construction participation agreement or a supplementary agreement thereto and, in case of inconsistency between the contract of participation in share participation construction specified requirements or identify the contradictions between the supplementary agreement and agreement on shared construction gets their developer to address any identified discrepancies and/or contradictions.
2. If the contract of participation in share participation construction requirements part one of article 13 of this law, or the absence of contradictions between the supplementary agreement and the contract of participation in share participation construction on each instance of the Treaty or complementary agreements notified body stamp marked with "Seredildi".
3. shared construction participation agreement, a supplementary agreement thereto with a mark «Seredildi» is subject to notarization.
4. For notarization of treaty participation in share participation construction, share construction object which the State fee is not charged. For notarization of treaty participation in share participation construction, share construction object which are the objects specified in paragraphs 2 and 3 of article 4 of this Act, a State fee is charged in order established by the legislation of Turkmenistan.
5. Developer within thirty calendar days of the notarization of the Treaty participation in share participation construction, supplementary agreement thereto is on three copies of the said Treaty, the supplementary agreement thereto, to the competent authority to their registration.

6. The authorized body performs registration of the contract of participation in share participation construction, supplementary agreement thereto within ten working days after the submission of its developer by stamping with a mark «Bellige alyndy» on each copy of the contract of participation in share participation construction, supplementary agreement thereto and presents a copy of dol′ŝiku and the developer personally against signature.
If the object of shared construction is the apartment, the registration of such a contract is free of charge.
Registration of the contract of participation in share participation construction, share construction object which are the objects specified in paragraphs 2 and 3 of article 4 of this law, shall be carried out for a fee determined by the notified body.
 
Article 15. The cost of the contract of participation in share participation construction 1. The cost of the contract of participation in share participation construction shall be calculated as the sum of the cost share construction construction and cost of services developer in his building, with separate indication of their participation in the Treaty in shared construction.
2. construction cost share construction object is determined on the basis of contract prices. While the cost of construction of the shared construction may include expenses for connecting to external networks, repeatedly within the boundaries of the construction site, with the exception of the costs of construction, overhaul or repair external networks themselves, which is carried out at the expense of the relevant ministries, departments or local authorities.
Cost of services of the developer is determined by agreement of the parties to the Treaty.
3. By agreement of the parties, the value of the contract may be amended after entry into the contract, unless otherwise provided by the legislation of Turkmenistan.
4. any settlements between I and developer according to the contract of participation in share participation construction can be made only after registration of the contract of participation in share participation construction in the authorized body.
5. payment of the contract of participation in share construction is done in stages I through the transfer of funds in the form of cash to a special bank account in accordance with the timetable annexed to the Treaty on the shared construction.
6. the special bank account under the contract of banking services and on the basis of a written application developer opened in a credit institution for each residential house in order established by the legislation of Turkmenistan.
7. Financing of the actual cost of the Builder on share construction construction is carried out by a credit institution on the basis of documents confirming the actually performed work volumes, at the expense of the funds equity listed them on a special bank account in accordance with the contract of participation in share participation construction.
Upon termination of the contract of participation in share participation construction or in case of other grounds stipulated by the legislation of Turkmenistan, cash equity, listed them in a special bank account, a credit institution shall be returned to their owners on the basis of relevant documents.
List of documents referred to in this part shall be determined by the notified body in consultation with the Central Bank of Turkmenistan.
 
Article 16. Limitation in the implementation of shared construction in case of from the developer of tax debt, levies (duties) and other obligatory payments to the State budget of Turkmenistan is Builder may not attract the money of new investors to repay the debt.
 
Article 17. Project Declaration 1. Project Declaration includes information about a builder and construction project.
Part 2 repealed the Act of 03.05.2014 g. 3. In case of changes in Project Builder declaration shall within three working days to inform the shareholders about the changes.
Part 4 repealed the Act of 03.05.2014 g. 5. In case of violation of the requirements of the project developer Declaration, established by the present law, investor may apply to the Court for recognition of agreement as invalid.
6. storage of the original project Declaration is carried out by the developer.
 
Article 18. Developer information 1. Developer information contains: 1) the full name and location of the developer, its founders;
2) date of issuance and number of the State registration certificate of the Builder;
3) availability of developer licenses for carrying out construction works, together with an indication of the serial number, the date of the issuance of the licence and the period for which the licence is issued;
4) information on the involvement of the developer of credit (loan) funds for construction of residential houses and (or) other real estate property;
2. in the case of a dwelling house building and (or) a real estate developer is not on its own, the details provided for in paragraphs 3, 4 of the first paragraph of this article shall be presented relative to the contractor carrying out the construction of dwelling houses and (or) other real estate property.
 
Article 19. Construction project information in project information construction: 1) the purpose of the construction project and the timetable for its implementation;

2) date and number of the decision of the authority of local executive authorities for the developer of the land plot for construction of residential houses and (or) other property in accordance with the legislation of Turkmenistan;
3) location of a dwelling house under construction and (or) other real estate property;
4) composition of common property real estate investors in residential building and (or) other property; 
item 5 repealed the law, 03.05.2014.6) cost of construction of the dwelling house and (or) other real estate property; 
7) list of involved organizations carrying out construction and other work. 
 
Article 20. The term transfer object Developer share construction dol′ŝiku 1. The developer is obliged to transfer the dol′ŝiku object shared construction in accordance with the contract of participation in share participation construction, except in the case prescribed in part two of this article.
2. in the case of a dwelling house building and (or) other property could not be completed within the term of contract, the developer not later than two months prior to the expiry of the current period is obliged to send dol′ŝiku information and a proposal to amend the contract of participation in share participation construction.
Change provided by the contract of participation in share construction term transfer object Developer share construction dol′ŝiku is carried out in the manner prescribed by the legislation of Turkmenistan.
3. transfer dol′ŝiku share construction object is implemented by the developer after receiving authorization to commissioning of dwelling house and (or) other real estate property.
4. The developer not less than one month before the onset of the Treaty for participation in shared construction of statutory transfer of share construction object, dol′ŝika must inform about the completion of the construction of residential houses and (or) other real estate property and in accordance with the contract of participation in share participation construction alert dol′ŝika the need for shared construction object.  
5. When you are ready to share construction object transfer investor must take this object within five business days.
6. In the event of any inconsistency between the object of shared construction requirements specified in the first paragraph of article 21 of this law, the investor has the right to demand from the developer of document, with indication of these inconsistencies and to refuse signing the Act of acceptance prior to the execution of developer responsibilities under part 2 of article 21 of this law.
7. When evasion or denial of dol′ŝika from taking share construction object or are unable to locate the dol′ŝika Developer after two months is entitled to draw up, in conjunction with the competent authority the Act stating the reasons on which it is not possible to pass the dol′ŝiku object shared construction. The risk of accidental damage or loss of an object shared construction from the day of drawing up such an act is deemed to be transferred to the dol′ŝiku.
 
Article 21. Quality assurance, stipulated in the contract of participation in share participation construction 1. The developer is obliged to transfer the share construction object dol′ŝiku, the quality of which complies with the conditions of the contract of participation in share participation construction, design and estimate documentation requirements and other eligibility requirements.
2. If the object of shared construction built by the developer with deviations from the terms of the contract of participation in share participation construction and (or) indicated in paragraph 1 of this article the mandatory requirements, leading to a deterioration in the quality of the facility, or other flaws that make it unsuitable for the Treaty's participation in share participation construction use, the investor shall have the right, at its discretion, to oblige the Builder: 1) gratis deficiencies; 
2) commensurate with the decrease rate of the Treaty; 
3) reimburse the shortcomings.
3. The warranty period for the share construction object, including technology and engineering, part of the share construction object or a dwelling house and (or) other real estate property, set the contract of participation in share participation construction and may not be less than one year. The warranty period is calculated from the day of signing of the Act of acceptance of the object of shared construction.
4. the developer shall have the right to make demands of the Investor in connection with improper quality fractional object construction or residential houses and (or) other real estate property, provided that such quality found during the warranty period. 
5. The developer shall not be liable for defects of the object shared construction, discovered within the warranty period, if he proves that they occurred as a result of the violation of the requirements for the process of exploitation or due to improper repair, I own or attracted to them by third parties.
 
Article 22. Assignment of claims under the contract of participation in share participation construction 1. An assignment of a claim under the contract of participation in share participation construction shall be permitted only after the payment of the cost of object I shared construction participation in Treaty shared construction of, or simultaneously with the transfer of the debt on the new dol′ŝika.

2. implementation of assignment of a claim an additional agreement to the contract of participation in share participation construction, which should contain information about the cost, which gives way to a new Investor Investor acquires the right to share construction object.
3. An assignment of a claim under the contract of participation in share participation construction shall be allowed from the date of registration of the contract in accordance with article 14 of this law till the moment of signing by the parties of an act of acceptance of the object of shared construction.
4. an assignment of a claim under the agreement the co-investor under participation in share participation construction shall be effected in the manner prescribed by the legislation of Turkmenistan;
Part 5 repealed the law, 03.05.2014.
 
Article 23. The performance of the obligations under the contract of participation in share participation construction 1. Dol′ŝika obligations are considered to be executed since the full cash and taking an object shared construction in accordance with the contract of participation in share participation construction.
2. obligations of the developer shall be deemed executed poistečenii the warranty period after obtaining permission for the commissioning of the dwelling house and (or) other real estate property.
3. The risk of accidental injury or accidental death of share construction object or a dwelling house and (or) a property before it is passed to the dol′ŝiku in accordance with the established procedure assumes the developer. After the parties sign an act of acceptance of the object of shared construction risk of accidental damage or loss shall pass to dol′ŝiku.
 
Article 24. Change and cancellation of participation in share participation construction 1. Under the agreement, the Builder and dol′ŝika terms and conditions of the contract of participation in share participation construction can be changed after the entry into the contract, unless the contract of participation in share participation construction and (or) supplementary agreements thereto provide cases and conditions change.
2. dol′ŝika on-demand shared construction participation agreement can be terminated in the following cases: 1) default by Developer obligations to transfer share construction object within the period exceeding the established shared construction participation agreement deadline for the transfer of such an object for three months;
2) default by Developer responsibilities under part 2 of article 21 of this law;
3) violation of the requirements for the quality of share construction object; 
4) changes of the design documentation of the construction of the property, which includes an object shared construction, as well as the size of the object shared construction;
5) non-compliance with the other conditions of the contract of participation in share participation construction. 
3. at the request of the developer shared construction participation agreement can be terminated in the following cases: 1) violation of the term of depositing funds in your payment account for the share construction object more than twice within twelve months;
2) delay in depositing funds in your payment account for the object of shared construction of more than two months.
4. In the event of the dissolution of the parties to the contract of participation in share participation construction Builder is obliged within seven working days to send information about avoidance of an authorized entity, fulfills the registration of this agreement.
 
Article 25. Issuance of certificates of title to the object of shared construction and State registration of the right dol′ŝika on the object of shared construction 1. After acceptance into operation of an apartment house or other real estate property developer within a month must pass a final calculation of cost share construction object. After full payment of the value Builder share construction within three working days must pass dol′ŝiku documents required for processing the object ownership shared construction.
2. When I view documents necessary for registration of ownership of share construction object, the relevant authority of local executive authority issued certificate of ownership on share construction object, which is subject to state registration in the order established by the legislation of Turkmenistan.
3. Proof of ownership on share construction object, registered in the established order, is a document certifying the right of ownership on share construction object.
 
Chapter 4. The rights and duties of the dol′ŝika and the Builder Article 26. Dol′ŝika rights and responsibilities 1. Investor has the right to: 1) to receive full information about the project Declaration;
2) access to the construction site and get acquainted with the course of construction;
3) receive from the developer information on the construction, the timing of the commissioning of the dwelling house and (or) other real estate property upon written request;
4) get from developer documents required for registration of ownership of share construction object;
5) require from the Builder removal of defects during the warranty period maintenance of a dwelling house and (or) other real estate property;  
6) if it is not possible to complete construction of residential house developer as a result of the occurrence of the insured event to go to to the insurer for obtaining insurance payments;
7) terminate the shared construction with the developer in cases established by this law.
2. Investor must:

1) make money in accordance with the terms of the contract of participation in share participation construction;
2) not later than one month from the date of acceptance of the dwelling house and (or) other real estate property to get the relevant documents from the developer and get the right property in the manner prescribed by the legislation of Turkmenistan.
3) conclude in a month contract with the Organization, which is responsible for the content, operation of the residential building and (or) other real estate property.
 
Article 27. The rights and obligations of the developer 1. The developer has the right to: 1) publishing project Declaration of the official seal on the place of the planned construction of a dwelling house and (or) other real estate property and receive from dol′ŝika documents required for the conclusion, as well as the execution of the prisoner Treaty participation in share participation construction;
2) receive from dol′ŝika funds in accordance with the terms of the contract of participation in share participation construction;
3) terminate the contract of participation in share participation construction with I in cases established by this law;
4) replace dol′ŝika by another person or sell an object shared construction in accordance with the established procedure in case of failure of the dol′ŝika from the performance of the contract of participation in share participation construction.
2. The developer shall: 1) ensure implementation of the technical control over the execution of construction works;
2) to submit to the competent authority a project Declaration;
3) use funds listed buyers on the special account only for the intended purpose;
4) provide overall funding for construction of residential houses and (or) other property using both own and attracted funds;
5) to communicate with the treatment dol′ŝika information about the construction, the circumstances affecting the construction period, as well as to provide him with any information prescribed in the contract of participation in share participation construction;
6) provide safety equipment installed in a residential house and (or) other property (share construction at the site), before passing it to dol′ŝiku;
7) our share construction object into operation within the time limits specified in the contract of participation in share participation construction;
8) to sign the Act of acceptance of shared construction object and pass it to dol′ŝiku in due course.
3. The developer implements shared construction of residential houses, except the developer implementing the shared construction of dwelling house in accordance with the Act of the President of Turkmenistan, in addition to performing duties under part two of this article shall: 1) insure the object under construction during its construction and maintenance in accordance with the procedure set by the insurer;
2) to conduct an annual audit of annual financial statements and submit the audit report to the competent authority not later than 30 June of the year following the otčëtnym;
3) submit to the authorized agency quarterly on the implementation of activities related to attracting funds shareholders equity by construction.
 
Chapter 5. Final provisions Article 28. Responsibility of the parties to the contract of participation in share participation construction 1. In case of termination of the contract of participation in share participation construction Builder is obliged within twenty working days from the date of its dissolution return dol′ŝiku money paid to them at the expense of the value of the property and, in the case of delayed refund to pay default interest in the amount of, a contract of participation in share participation construction in accordance with the civil legislation of Turkmenistan.
2. In case of violation of the contract of participation in share construction period of depositing funds investor pays the developer penalties in an amount determined by the contract of participation in share participation construction, in accordance with the civil legislation of Turkmenistan.
3. in case of violation of the requirements provided by this Act, officials of developer responsibility, established by the legislation of Turkmenistan.
 
Article 29. Settlement of disputes disputes arising between I and developer in the field of shared construction shall be settled in the manner prescribed by the legislation of Turkmenistan.
 
Article 291. Transitional provisions 1. Participation in share construction contracts or other contracts related to the equity-building, additional agreements concluded thereto prior to the adoption of a model treaty participation in share participation construction in accordance with the present law, shall be recorded in the authorized body. The registration is done without charge requirements established by part one of article 13 and article 14 paragraph 3 of the present law.
2. Issuance of certificates of title to share construction objects, constructed in accordance with the treaties of participation in share participation construction or other agreements associated with equity-building, prisoners before the enactment of this law, shall be carried out after their registration in authorized body.
 
Article 30. The entry into force of this law 1. This law enters in force from October 1, 2012 year.
2. the Cabinet of Ministers of Turkmenistan to prepare and make the Turkmen Parliament proposals on amendments and additions to legislation of Turkmenistan deriving from this law.
 

     Turkmen President Gurbanguly Berdimuhamedov mountains. Ashgabat, March 31, 2012 year no. 289-IV.