PECULIARITIES OF THE EMERGENCE OF OWNERSHIP RIGHTS TO FUTURE RESIDENTIAL PREMISES IN THE REPUBLIC OF UZBEKISTAN

Abstract

The article examines the peculiarities of the emergence of ownership rights to future residential premises under the legislation of the Republic of Uzbekistan. It analyzes the provisions of civil legislation and legislation governing the state registration of immovable property that determines the procedure for acquiring ownership of newly constructed residential premises. The study establishes that the current registration model provides for the initial acquisition of ownership by the developer as the owner of the land plot, resulting in a time gap between the purchaser's performance of contractual obligations and the acquisition of ownership. During this period, the purchaser is protected only by contractual remedies, which significantly increases the risk of infringement of their rights. The article concludes that the legislation should be improved by introducing legal mechanisms ensuring more effective protection of purchasers of future residential premises.