NO NEED FOR ATTORNEYS FOR THE SALE OF LAND OF LOW VALUE?

The Hungarian Chamber of Agriculture (HCA) submitted a package of proposals to the Hungarian Parliament in June 2018 with the aim of improving the competitiveness of Hungarian agriculture.

The package includes a proposal to abolish the obligation to be represented by an attorney at law in relation to the sale and purchase of an agricultural land, provided that its value does not exceed HUF 500,000. According to the new concept, such sale and purchase transactions could be carried out with the assistance of the Hungarian Chamber of Agriculture, however, the obligation to obtain the approvals of the relevant land protection authorities would be maintained. The Hungarian Chamber of Agriculture would also provide legal assistance in relation to the conclusion of agricultural leasehold contracts.

The aim of this proposal is to facilitate the reorganisation of the currently fragmented land structure in Hungary, by reducing the costs related to the sale and purchase of small plots.