In 20th of March 1991 Supreme Council of the Republic of Latvia passed a resolution and by the legislation of Latvia came into force a privatization process of Government`s and municipalities` properties – “About government property and ground rules about its conversion” that marked main reorganization guidelines in economics. Law “About government`s and municipalities` residential buildings privatization” stated that upon privatization is any apartment in government`s or municipalities’ buildings, ignoring the fact if the dwelling space is located fully or partially on the land of the previous owners or their heirs and without the need of privatization of the specific part of land. However joint share properties appeared during the time of privatization, most of the apartment buyers as well as evaluators of the real estate properties did not pay any attention and did not consider that as a major fact that could affect market price of the property.