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FEDERAL LAW OF THE RUSSIAN FEDERATION

of October 29, 1998 No. 164-FZ

About finance lease (leasing)

(as amended on 14-07-2022)

Accepted by the State Duma on September 11, 1998.

Approved by the Federation Council on October 14, 1998.

The purposes of this Federal Law are development of forms of investments into means of production on the basis of finance lease (leasing) (further - leasing), protection of the property rights, rights of participants of investment process, ensuring efficiency of investment.

In this Federal Law legal and organizational and economic features of leasing are determined.

Chapter I. General provisions

Article 1. Scope of this Federal Law

1. Scope of this Federal Law is leasing of the property relating to the inconsumable things (except the parcels of land and other natural objects) transferred to temporary ownership and to use to physical persons and legal entities.

2. Ceased to be valid according to the Federal Law of the Russian Federation of 31.12.2014 No. 512-FZ

Article 2. The basic concepts used in this Federal Law

In this Federal Law the following basic concepts are used:

leasing - set of the economic and legal relations arising in connection with implementation of the agreement of leasing, including acquisition of subject of leasing;

the agreement of leasing - the agreement according to which the lessor (further - the lessor) shall acquire in property specified by the lessee (further - the leasing recipient) property at the seller determined by it and to provide to the leasing recipient this property for a fee in temporary ownership and use. The agreement of leasing can provide that the choice of the seller and acquired property is performed by the lessor;

leasing activities - type of investing activities on property acquisition and its transfer to leasing.

Article 3. Leasing subject

1. Any inconsumable things, including the companies and other property complexes, buildings, constructions, the equipment, vehicles and other personal and real estate can be subject of leasing.

2. The parcels of land and other natural objects, and also property which is forbidden by the Federal Laws for free circulation or for which the special procedure for the address, except for military products which leasing is performed according to international treaties of the Russian Federation, the Federal Law of July 19, 1998 the N114-FZ "About Military and Technical Cooperation of the Russian Federation with Foreign States" according to the procedure established by the President of the Russian Federation, and processing equipment of foreign production which leasing is performed according to the procedure, established by the President of the Russian Federation is established cannot be subject of leasing.

Article 4. Subjects of leasing

1. Subjects of leasing are:

the lessor - physical person or legal entity which at the expense of the raised and (or) own funds acquires during implementation of the agreement of leasing in property property and presents him as leasing subject to the leasing recipient for certain payment, for certain term and under certain conditions in temporary ownership and in use with transition or without transition to the leasing recipient of the property right regarding leasing;

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