It is not a good idea to fundamentally reform property law in one step since in this sphere the evolutionary way of development is more preferable than the revolutionary one. However, even if one agrees with the necessity of this reform, its realisation as presented in the draft amendments to the Civil Code of the Russian Federation under discussion raises a number of conceptual objections as well as numerous comments on minor issues. This fact makes us consider the enactment of this draft law undesirable.