The objective of the present Act is to safeguard the public interest on the occasion of transfer of land or parts thereof to guarantee an even distribution of land throughout the national territory. The text consists of 38 articles divided into8 Parts as follows: General provisions and definition of terms (I); Subject to authorization (II); Conditions and requirements (III); Land transaction authorities (IV); Procedure (V); Civil liability (VI); Penalties (VII); Transitional and final provisions (VIII).
Implemented by: Land Transaction Ordinance. (2013)
Amended by: Act amending the Land Transaction Act. (2005-05-19)
Amended by: Act amending the Land Transaction Act. (1996-03-21)
Amended by: Act amending the Land Transaction Act. (2015-11-05)
Authors and Publishers
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland.