Unlike the UDS registration tax, which is based on the reference value of the land, the registration fees for the construction contract are calculated on the basis of housing costs and other considerations mentioned in the agreement. The government order communicating this amendment came into force on Tuesday. Previously, it was not mandatory to register the construction contract when buying a new home. The buyers recorded only the total share of land (UDS) and paid a royalty of 8 per cent of the consideration mentioned in the agreement. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, if progress is slow or if it is likely that the contractor would not be able to complete the work on schedule, the owner has the right to terminate this contract at the contractor`s risk by creating fifteen days if he has the right: the award of the contract to the agencies it deems appropriate and all cash losses or expenses incurred in this account, as evidenced by the architect, shall be deducted from the funds due to the contractor or recovered by the contractor. The terms and conditions agreed by both parties should be reflected in writing. Details should be included in the agreement. 7. All taxes on contracts of enterprise that may be incurred shall be included in the rates indicated in Part 2 (list). All items not put in competition are calculated according to the actual profit of +15% It is necessary to make a house construction agreement before continuing the actual construction work, since it mentions the extent of the work to be carried out by the contractor and the payment steps that must be released by the owner. The terms of the agreement between the owner and the contractor include the work to be performed, construction periods, payment plans, escalating costs, delays, penalties, building materials used, etc.
11. If the owner decides to provide the necessary building materials, the cost of these materials is credited and the value deducted from the invoice immediately tracked. The owner must ensure a temporary electrical connection, all electricity and water costs during construction are the responsibility of the customer. The government amended the Registration Act to make it mandatory to register documents such as the power of attorney and the construction contract from December 2012. However, the draft law amending the stamp law, which facilitated the collection of new royalties, did not receive the president`s approval until 3 September. The agreement should mention the cost of different building materials used for the construction of the house. If you are not discussing additional charges, they should be discussed with the housing contractor….