Apartment ownership and mortgage finance in Lithuania

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knygos / Books
Language:
  • Anglų kalba / English
  • Lietuvių kalba / Lithuanian
Title:
Apartment ownership and mortgage finance in Lithuania
Alternative Title:
Būsto nuosavybė ir būsto kreditavimas Lietuvoje
Authors:
Publication Data:
Copenhagen : Nordic Council of Ministers, 2002.
Pages:
135 p
Series:
TemaNord; 2002:579
Contents:
1 Introduction — 2 Apartment Ownership Models and Similar Legal Institutes — 2.1 Apartment ownership in the Nordic countries — 2.2 Swedish experience of commons and joint facilities — 2.3 Apartment ownership in Lithuania — 3 Decisions and costs — 3.1 Background: overview of the situation in the Nordic countries — 3.2 Lithuanian law: decisions — 3.2.1 Measures that can be required by the municipality or the state — 3.2.2 Measures that can be claimed by each owner — 3.2.3 Measures that can be decided by a simple majority vote — 3.2.4 Measures that can not be decided at all (ultra vires) — 3.3 Lithuanian law: internal distribution of costs — 3.4 Lithuanian law: Liability of apartment owners vis-ä-vis other owners or a housing association — 3.5 Lithuanian law: liability of apartment owners vis-ä-vis third parties — 3.6 Lithuanian law: liability of a housing association vis-ä-vis third parties — 3.7 Lithuanian law: Personal liability of board members — 4 Mortgages and Liens in Apartments and Apartment Buildings — 4.1 Background: overview of the situation in the Nordic countries — 4.1.1 Mortgages in apartments — 4.1.2 Liens on apartments — 4.2 The situation in Lithuania — 4.2.1 Mortgages in apartment — 4.2.2 Mortgages in apartment buildings or common property — 4.2.3 Liens in apartments — 5 Protection of Dwellings against Creditors – 5. Protection of Dwellings against Creditors — 5.1 The Nordic countries — 5.2 Lithuania– 6. Present Lending Practices — 6.1 Background: overview of the situation in the Nordic countries — 6.2 Lithuania: loans to individual apartment owners — 6.3 Loans to housing associations or to apartment owners in common — 7 Discussion of Reforms — 7.1 The questions raised in the project’s Terms of Reference — 7.2 Some fundamental issues concerning the liability of the apartment owners — 7.3 An overview of the further discussion in this chapter — 7.4 The introduction of a lien system — 7.5 Alternatives to a lien system — 7.6 Mortgages on the apartments based on contract — 7.7 The introduction of a credit guarantee for loans to housing associations — 7.8 Some comments on the Lithuanian system of management of apartments — 7.8.1 The forms of management — 7.8.2 Necessary repairs etc. — 7.8.3 Procedures for determining what are necessary repairs etc. — 7.8.4 Vigilance of authorities with regard to technical requirements — 7.8.5 Management by an appointed administrator — 7.8.6 Administrators appointed for non-active housing associations — 7.8.7 Model agreement of joint activities — 7.8.8 The right to self-help etc. — 7.9 Owners that cannot afford to pay their share of the costs — 8 Recommendations – Bibliography — Appendix 1: Relevant articles of the Lithuanian Civil Code.
Subject Category:
LT
Švedija (Sweden); Lietuva (Lithuania); Kreditas. Paskolos / Credit; Nuosavybė / Ownership; Teisės ir laisvės / Rights and freedoms; Vyriausybė / Government.
Summary / Abstract:

LTLietuvos vyriausybė kreipėsi į Pasaulio banką prašydama pagalbos ruošiant būsto sektoriaus strategiją bei paskolos šios strategijos įgyvendinimui (toliau - “Būsto projektas”). Būsto rinkos funkcionavimas iš esmės priklauso nuo to, ar hipotekiniai kreditoriai turi galimybę susigrąžinti paskolintas lėšas iš atskirų asmenų bei gyvenamųjų namų bendrijų, ar gyvenamųjų namų bendrijos gali iš atskirų asmenų išreikalauti joms priklausančias sumas už pastatų eksploataciją ir priežiūrą. Pasaulio Bankas ir Lietuvos vyriausybė nutarė iš dalies pagal Būsto projektą bendradarbiauti su Šiaurės šalių bei Lietuvos teisės specialistais ir atlikti Lietuvoje galioj ančių su būsto kreditavimu ir gyvenamųjų namų bendrijomis susijusių įstatymų bei jų įgyvendinimo apžvalgą. Galimybė realizuoti šią Būsto projekto dalį atsirado Šiaurės šalių Ministrų Tarybai suteikus negrąžintiną paramą. Projektui lėšų skyrė taip pat ir Pasaulio bankas bei Lietuvos vyriausybė. Šioje ataskaitoje projekto darbo grupė toliau yra vadinama “darbo grupe”.

ENThe Government of Lithuania has requested World Bank assistance in preparing a housing sector strategy and a loan to support the implementation of the strategy (“the Housing Project”). The functioning of the housing market depends fundamentally on the ability of mortgage holders to collect on their claims on individuals and housing associations, and on housing associations to collect on their claims against individuals for maintenance and operation of buildings. The World Bank and the Government of Lithuania decided, as part of the Housing Project, to co-operate with Nordic and Lithuanian legal experts to review legislation and enforcement in Lithuania related to mortgage finance and housing associations. The implementation of this particular part of the Housing Project was made possible by a grant from the Nordic Council of Ministers. The World Bank and the Government of Lithuania are also contributing to the funding of the project. The project team is referred to as “the working group” in the report.

ISBN:
9289308443
Subject:
Teisė / Law
Permalink:
https://www.lituanistika.lt/content/76325
Updated:
2026-02-25 13:38:09
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