Balance of interests as the basis for establishing limits on the exercise of the right of ownership

The article touches upon the problem of building a theoretically grounded, effectively functioning system of norms, which establishes the boundaries of the implementation of property rights. The obligations of the state are to ensure all the necessary conditions for the development of both private and public property in the Russian Federation. With the help of legal regulation, the state currently regulates relations with owners, systematically establishing limits to the exercise of right of ownership and its limitations. At the same time an attempt is made to strike a balance between public and private ownership. The study of the limits of exercise of the right of ownership is an urgent task for legal science. The study of a set of issues related to legal regulation of restrictions on the rights of private and public owners is also an important scientific task of great importance for harmonization of relations between public authorities of the Russian Federation, public authorities of subjects of the Russian Federation, local self-government bodies and subjects of private law.