kinnisus

Kinnisus is a term used in Estonian to describe the concept of real estate or immovable property. It encompasses land and any structures permanently attached to it, such as buildings. In Estonian law, kinnisus is legally defined and is subject to specific regulations regarding ownership, transfer, and registration. The ownership of kinnisus is typically recorded in a public land registry, providing legal certainty for property owners and facilitating transactions.

The acquisition of kinnisus usually involves a formal contract, often requiring notarization, and subsequent registration in the land registry. This process ensures that ownership rights are clearly established and protected. Kinnisus can be owned by individuals, legal entities, or the state. The value of kinnisus is influenced by various factors including location, size, condition, and market demand. Property taxes are generally levied on kinnisus, contributing to local government revenue. Understanding the legal framework and market dynamics related to kinnisus is essential for anyone involved in real estate in Estonia.