Article 16. Preservation of the lease upon transfer of property to another owner

On rent (427-XII-son) · Date: 19.11.1991 · In force

When the transfer of ownership of the leased property or the rights listed in the legislation of the Republic of Uzbekistan on property from the lessor to another person, the previously concluded agreement shall remain valid in respect of the new owner, unless otherwise provided by the legislation of the Republic of Uzbekistan.

In the event of a reorganization of a legal entity that is not the owner, its obligations and rights as a lessor pass to the assignees, unless otherwise provided by the legislation of the Republic of Uzbekistan.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4546412

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Cite as: Article 16. Preservation of the lease upon transfer of property to another owner On rent (427-XII-son). neolex.uz/en/laws/law-112910/16 (lex.uz/docs/4546412)