Presidential Decree No. 1767 of 1993 regarding the regulation of land relationship and the promotion of land reform in Russia.
The President decrees that the plots of land and the property connected with them must be considered real estate. The real estate contracts are regulated by Civil Code in accordance with Land, Forestry, Environmental, other specific Legislative Acts and this Decree. Physical And juridical persons, that own plots of land, have the right to sell, to bequeath, to give as a gift, to mortgage, to lease, to exchange and to render them as a share to the-joint stock companies. Each landowner is provided with land certificate that must be registered into land cadastre.