"Rent and Sale of Municipal Lands Suspended" – Head of State Real Estate Register Service
Azerbaijan, Baku, 1 August / Trend corr. A.Badalova / Arif Garashov, the Head of the Azerbaijani State Real Estate Register Service, said that the rent and sale of lands under municipalities control was suspended.
"The rent and sale process of lands under municipalities control should be implemented through auction. For this reason the process has been suspended temporarily," Garashov said.
According to Garashov, the rules to implement such auctions are expected to be introduced in the near future.
"At present, the rules to hold auctions have been developed and is expected to be approved by the President soon," Garashov stated.
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