Kinnisasjade

Kinnisasjade is a term used in Estonian property law to denote real estate assets—the rights in land plots and the buildings and other permanent structures affixed to them. The term covers undeveloped land as well as built properties and is used in legal, financial and administrative contexts to discuss ownership, transfer and use of real estate.

In Estonia, real estate rights are created, transferred and restricted by contract and are registered in the land register (kinnistusraamat), which is maintained by the national land authority, Maa-amet. A transfer of ownership typically requires a notarial deed, and the change of ownership becomes fully effective after registration in the land register.

Rights and encumbrances: Real estate properties can be owned by individuals or legal entities, and may be mortgaged or leased. They can also be subject to easements or restrictions on use. All such rights and encumbrances are recorded on the kinnisasjade record in the land register, ensuring priority and public notice.

Economy and use: Kinnisasjad are central to private and commercial activity. They can be bought, sold, rented, or developed in accordance with zoning, planning and building regulations. Owners pay property tax and may incur costs related to maintenance, insurance and compliance with local rules.

See also: Land Register, Real Estate, Mortgage, Easements, Property tax.