Law No. 5277-vs “On condominiums”. | Land Portal

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LEX-FAOC137722
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This Law regulates relations concerning management of common property of condominiums, including common ownership of land on which are located residential facilities. Encumbrance (mortgage) of common property, including common land property shall be authorized and regulated by Civil Code. Establishment and modification of mapping of the boundaries of common land property shall be regulated by acting legislation.

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Vsevolod Gnetii (CONSLEGB)

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Georgia is a country in the Caucasus region of Eurasia, located at the crossroads of Western Asia and Eastern Europe. After a brief period of independence following the Russian Revolution of 1917, Georgia was occupied by Soviet Russia in 1921, becoming the Georgian Soviet Socialist Republic and part of the Soviet Union. After independence in 1991, post-communist Georgia suffered from civil unrest and economic crisis for most of the 1990s. This lasted until the Rose Revolution of 2003, after which the new government introduced democratic and economic reforms.

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