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Property and Land Law

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Chapter Summary

The right to ownership is the most fundamental real right. In relation to other real rights, the right to ownership is the basic right, while other real rights are "restrictive rights" on ownership. Ownership has been defined in Russia during the Tsarist period as the right to possess, use and dispose of an object. The right of economic management is a right to possess, use, and dispose of assets and properties in accordance with the terms and purposes set by the owner. The right of operational administration is exercised by some unitary enterprises and institutions, including government agencies. The Civil Code accommodates provisions on the right of ownership and other real rights over land. The right of ownership and other real rights on immovables, the encumbrance on these rights, as well as creation, transfer, and termination of these rights are all subject to state registration.

Keywords: real rights over land; right of economic management; right of operational administration; right to ownership; Russia; state registration; Tsarist period

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