nekilnojamuoju

Nekilnojamuoju is a Lithuanian term that translates to "immovable property" or "real estate" in English. It refers to land and anything permanently attached to it, whether natural or man-made. This includes buildings, structures, and even natural resources like trees and minerals. The key characteristic of nekilnojamuoju is its fixed location and inability to be moved without causing damage or significantly altering its nature.

In Lithuanian legal and economic contexts, nekilnojamuoju is a distinct category from movable property (kilnojamuoju turtu). Transactions involving nekilnojamuoju, such as sales, leases, or mortgages, are subject to specific legal regulations and registration requirements. These regulations are designed to ensure clarity, security, and proper taxation of land and property.

The ownership and transfer of nekilnojamuoju are typically recorded in a public registry, known as the Register of Real Estate (Nekilnojamojo turto registras). This registry provides a central database of all registered properties, their owners, encumbrances, and other relevant details, offering transparency and legal certainty for all parties involved in real estate dealings. The concept of nekilnojamuoju is fundamental to property law and the economy, underpinning significant investment and economic activity.