Article 5. Rent agreement

The basis for the emergence of rent relations is a rent agreement, which is concluded on the basis of voluntariness and full equality of parties for a certain period. The rent of land for agricultural use, other natural resources should be long-term in nature - at least 5 years.

The rent agreement can be concluded on a competitive basis.

The rent agreement provides for:

the composition and value of property being leased, the procedure for its transfer;

rental terms;

conditions and amount of rent, terms of its payment;

the condition of the property in which the lessor must provide it to the lessee;

terms of use of the property by the tenant;

the condition and procedure for the lessee to return the property to the lessor after the termination of the agreement;

obligations of the parties to restore and repair the leased property;

conditions for further ownership of the property after its full depreciation;

conditions, procedure and terms for the redemption of leased property, if it is transferred with a subsequent redemption;

conditions, procedure and possibility of subletting leased property;

the amount of information and the timing of its presentation by the lessee to the lessor;

responsibility of the parties.

The lease of land and other natural resources also includes provisions stipulating the tenant's responsibilities for the rational use of the natural object in accordance with its intended purpose.

In the lease, the lessorʼs property objects related to the non-production sphere and their value are separately allocated, the obligations of the parties in relation to these objects (their preservation and maintenance) are indicated.

Other conditions may be included in the lease.