What forces owners to deprivatize housing. Procedure and legal consequences of renunciation of property rights


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Published: 03/05/2021

Reading time: 11 min

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Almost everyone knows about the benefits of privatization. This is the opportunity to dispose of real estate at your own discretion: sell it, donate it, rent it out or pass it on by inheritance. But privatization also has a number of disadvantages that force owners to renounce ownership rights and deprivatize housing. What are the advantages and disadvantages of deprivatization and in what order does the procedure take place? Let’s try to figure it out.

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