The Kingdom of Kraftsborg

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Commercial and Residential Properties Act ​

Purpose ​

To establish the framework under which the State may construct, manage, and sell commercial and residential properties to both local and international traders.
This Act ensures fair economic development, stimulates international trade, and supports local enterprise through equitable property ownership and taxation policies.

Section 1. Ownership and Management ​

  1. Land reserved for commercial property will be managed by the Minister of Infrastructure, build requests are already required through the department and will be subject to rejection if plans are already made for the land.
  2. The Government, through the Ministry of Economy and Ministry of Infrastructure, reserves the right to:
    • Construct commercial and residential properties.
    • Maintain such properties until their sale.
    • Manage tenancy or temporary leases if deemed beneficial to the State.
  3. Properties built in this program remain under full government ownership until officially sold or transferred.

Section 2. Property Sales & Leasing ​

  1. Properties may be sold to international traders or local citizens, subject to approval by the Ministry of Economy.
  2. The official currency for property transactions shall be diamonds, contributing directly to the State Treasury and supporting economic development.
  3. Local traders are entitled to a 10% reduced purchase price on select properties, as designated by the Ministry of Economy under guidance from the Prime Minister.
  4. Certain properties may be restricted to international buyers to maintain economic diversity and promote international investment.
  5. Lease Agreements may also be exercised rather than a full purchase of the property with negotiation with individual traders.

Section 3. Taxation and Negotiation ​

  1. Taxes may be levied on properties owned by international traders.
  2. The State reserves full authority to:
    • Negotiate individual tax agreements with buyers.
    • Waive or reduce taxes for strategic or diplomatic reasons.
  3. Local traders are exempt from property taxes under this Act.

Section 4. Regulations and Oversight ​

  1. The Minister of Economy will oversee property construction (with the Minister of Infrastructure), pricing, and sales.
  2. The Minister of Infrastructure will oversee building design, adherence to construction standards, and integration with local infrastructure.
  3. All property projects must comply with existing Building Regulations as outlined in the Constitution and Infrastructure Overhaul.

Section 5. Allocation of Revenue ​

  1. All diamond revenue generated from sales shall be deposited into the State Treasury.
  2. Funds raised through this Act shall be utilized for:
    • Infrastructure development.
    • Economic investment programs.
    • State maintenance and expansion.

Section 6. Transparency and Records ​

A Property Registry shall be maintained by the Ministry of Economy, listing:

  • All government-owned properties.
  • All properties sold, their buyers, and sale amounts.

The government will include property sales in the fortnightly treasury report.

Section 7. Commercial Agreement ​

Property that is sold directly to traders will need to be restocked within one month of stock running out to ensure that we have no empty shops taking up space.

  • Should a trader fail to restock within one month, the property can be taken back by the state with a State Assembly majority vote.
  • Property leased from the state shall have up to 3 weeks to restock and can be taken back by the state at any time with 2 weeks’ notice.
  • Any materials inside the shop when it is seized should be returned to the trader or stored in the Kraftian Vault until they can be returned.

Section 8. Amendments ​

This Act may be amended through the Folketing (Parliament) with a simple majority vote, upon consultation with the Prime Minister, Minister of Economy, and Minister of Infrastructure.

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