Redevelopment of an apartment under mortgage conditions - legal aspects and practical recommendations

The article discusses the legal aspects of the redevelopment of an apartment that is pledged under a mortgage agreement. The legislation regulating this issue is analyzed and the main requirements for the coordination of redevelopment with the bank and local governments are highlighted. Special attention is paid to the risks of unauthorized redevelopment and the borrower's responsibility to the bank. The article also provides practical recommendations for borrowers planning to redevelop a mortgage apartment.