Article 18. Redemption of leased property

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

The lessee may purchase the leased property in full or in part with the consent of the lessor, with the exception of agricultural lands and other natural resources. State property shall be purchased in the manner consistent with the legislation of the Republic of Uzbekistan.

Redemption of leased property is carried out at the expense of the lesseeʼs own funds, including income received from carrying out business activities under the lease, proceeds from the sale of property owned by the lessee, as well as loans and other financial assets acquired in ways that are not contrary to applicable law.

They cannot be used for the purchase of leased property from the state budget.

Legislative acts of the Republic of Uzbekistan may provide for cases when the redemption of leased property is limited or not permitted.

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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 18. Redemption of leased property On rent (427-XII-son). neolex.uz/en/laws/law-112910/18 (lex.uz/docs/4546412)