Key takeaways

• As of January 1, 2017, the legal status of parking places in Russia has been determined, and the new rules related to the state registration and cadastral recoding of parking places and transactions therewith have been established.
• This client update covers different issues related to transactions with parking spaces, the procedure of registration of such transactions as well as the process of establishment by the real estate market participants of their rights to the parking places that existed prior to the new rules.