Asjaõigusseadus

The Asjaõigusseadus, often translated as the Law of Property Act, is a fundamental piece of legislation in Estonia. It governs the rights and obligations related to property and its possession. The law establishes the legal framework for real property, including land and buildings, as well as movable property. Key concepts covered within the Asjaõigusseadus include ownership, possession, servitudes, mortgages, and other encumbrances. It details how property rights are acquired, transferred, and terminated, and outlines the legal remedies available in case of property disputes. The law also addresses aspects of co-ownership and the rights of lessors and lessees. Its purpose is to ensure legal certainty and predictability in property transactions and to protect the rights of property owners and holders. The Asjaõigusseadus is structured to be comprehensive, addressing a wide range of scenarios that can arise in relation to property law, and it forms the bedrock of many legal interactions concerning real and personal assets within Estonia.