Thursday, April 9, 2015

Land lease: there is a change

Law on deregulation of business made significant changes to the law "On Land Lease".

According to the changes introduced by the Law of 12.02.2015 g .. № 191-VIII to the Law "On Land Lease":

1) shall not be leased alienation of land state or municipal property without the consent of the tenant.

2) reduced the list of the essential conditions of the lease of land. 

Now it's just:

lease object (cadastral number, location and size of land);

term of the lease;

rents, indicating its size, indexing, method and conditions of payment, terms, procedure of making and revising and responsibility for its failure to pay.

3) object in a lease of land deemed to be transferred by the lessor to the lessee from the moment of state registration of lease rights, unless otherwise provided by law.

4) to lease land for the conduct of farm-purpose agricultural production, farming, personal farm term of the lease of land is determined by agreement between the parties, but may not be less than 7 years.

5) It was found that the rent for the land - a payment that the lessee to the lessor for making use of the land under the lease of land. Size, terms and conditions of rental payment for land established by agreement between the parties in the lease agreement.

6) The rent charged in cash.

By agreement of the parties settled the rent for the land may be made in kind. The calculation must match the cash equivalent value of the goods at the market price on the date of payment of rent.

For the land state and municipal property calculations are carried out exclusively in cash.

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