Article 22. Information provided by an authorized company The Law on Equity Participation in Housing Construction

Home / RLA / Article 22. Information provided by an authorized company The Law on Equity Participation in Housing Construction

Note from <url>! The first paragraph of paragraph 1 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

1. The authorized company provides for review to individuals, legal entities and (or) persons operating in accordance with a joint venture agreement (simple partnership, consortium) who have applied for the conclusion of a shared participation agreement in housing construction, the following information in the state and Russian languages:

1) the name and legal address of the developer and the authorized company;

2) the availability of a certificate confirming state registration (re-registration);

3) on the existence of a guarantee agreement concluded with a Single Operator and its main conditions in the case of organizing equity participation in housing construction by obtaining a guarantee from a Single Operator;

4) on the availability of permission from the local executive body to attract money from equity holders in the case of the organization of equity participation in housing construction by participating in a second-tier bank project or by attracting money from equity holders after the construction of the frame of an apartment building;

Note from <url>! Subparagraph 5) provides for the amendment of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

5) about the projects implemented by the developer for the construction of multi-apartment residential buildings or a complex of individual residential buildings;

Note from <url>! Subparagraph 6) provides for the amendment of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 204-VIII (effective sixty calendar days after the date of its first official publication).

6) about the construction site of an apartment building, or a complex of individual residential buildings proposed for construction;

7) the availability of a document confirming the relevant right of the authorized company to the land plot.

2. Information about the construction site includes:

1) notification of the start of construction and installation work;

2) indication of the location and description of the facility in accordance with the design and estimate documentation;

3) information about the dates of its completion;

4) basic information about the contractor (general contractor), including the name, work experience in this field, availability of a license, information about commissioned construction sites where he acted as a contractor (general contractor).

3. The authorized company publishes information on its own Internet resource about:

1) the name of the object and its location;

2) the construction progress, confirmed by a photo report, updated at least once a month;

3) construction completion dates.

4. If the authorized company provides incomplete and unreliable information established by this Law, the shareholder has the right to apply to the court with a claim for invalidation of the agreement on equity participation in housing construction.

5. The information to be provided in accordance with this article must comply with the requirements of the Law of the Republic of Kazakhstan "On Languages in the Republic of Kazakhstan".

The Law of the Republic of Kazakhstan dated April 7, 2016 No. 486-V SAM.

This Law regulates public relations related to the activities of equity participation in the housing construction of multi-family residential buildings by attracting money from individuals and (or) legal entities, and also establishes guarantees for the protection of the rights and legitimate interests of the parties to the agreement on equity participation in housing construction.

President

Republic of Kazakhstan

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