Article 9. Property upon lease

Leasing property does not entail the transfer of ownership of this property.

Products manufactured using the leased property, and the income obtained from this, as well as property acquired from the profit (income) received from the leased property, belong to the lessee, unless otherwise provided by the legislation of the Republic of Uzbekistan.

The right of the lessee to construct necessary production and non-production buildings, including housing, on the leased land plot using their own and borrowed funds, while complying with the general rules of construction, must be stipulated in the agreement. At the same time, it must be noted in the lease agreement to whom these buildings and structures shall belong after the termination of the lease agreement.

Buildings and constructions that cannot be moved, built at the expense of the lessee with the permission of the lessor on the leased territory, belong to the lessor, unless otherwise provided by the agreement. Upon the expiration of the contract or upon termination, the lessee has the right to compensation of the cost by the lessor.

The buildings and structures that cannot be moved, which were built at the expense of the lessee without the permission of the lessor on the leased territory, belong to the lessor. If the landlord requires them to be demolished, the tenant must demolish them at his own expense or reimburse the costs associated with their demolition.

The property owned by the leased enterprise, on the terms and in the manner prescribed by its charter, determines the size of contributions of members of its labor collective to the creation of this property through their personal labor participation, as well as cash and other property contributions.

Securities may be issued for the value of the contribution of a member of the labor collective to the property of the leased enterprise in accordance with its charter. Dividends are paid on the indicated securities in the amounts determined by the labor collective based on the final results of production and the development tasks of the enterprise. The real value of securities is paid to holders in cases provided for by the charter of the enterprise.

The procedure and conditions for paying dividends to members of the labor collective who have terminated employment relations with the enterprise shall be stipulated in the enterprise's charter.

The distribution of profit (income) remaining at the disposal of the leased enterprise is carried out in accordance with the decision of the collective of the leased enterprise.