Article 12. Rent

The lease payment shall be determined in the lease agreement by mutual agreement of the parties, provided that the lease payment for land plots and natural resources that are in state ownership shall be determined in the manner and scope specified by the legislation of the Republic of Uzbekistan.

The rent is paid to the owner of the leased property. If state property is leased, the rent is subject to distribution in the manner prescribed by law.

The rent may be established for all leased property in aggregate or separately for each object in kind, in cash or in mixed forms. The terms and conditions of the rental payment are determined by the contract.

The amount of the lease payment may be revised at the times stipulated in the lease agreement by mutual agreement of the parties. The amount of the lease payment may also be prematurely revised at the request of one of the parties in the event of a change in prices, tariffs, and land tax rates that are established in a centralized manner, as well as in other cases provided for by the legislation of the Republic of Uzbekistan.