of April 30, 1992 No. 114
About lease
Lease represents the urgent paid ownership based on the agreement and use of property, the earth and other natural resources.
The relations on lease are governed by this Law, the Civil Code and other legal acts of the Azerbaijan Republic.
The relations on lease of land are governed by the Civil Code of the Azerbaijan Republic, the Land Code of the Azerbaijan Republic, the Law of the Azerbaijan Republic "About lease of land", and also other regulatory legal acts of the Azerbaijan Republic adopted according to these the laws.
The rent relations in the Alyatsky free economic zone are governed according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".
Lease is allowed in all industries of the national economy and can be applied to property of all forms and types of property.
Spheres and types of property which cannot be objects of the rent relations are established by the legislation of the Azerbaijan Republic.
The right of property leasing belongs to the owner, to lease to the bodies, the organizations and physical persons authorized by it property, and also to persons having over it other corporeal rights.
Leasing of objects of the state-owned and municipal property to legal entities and physical persons of foreign states is made only with the consent of the owner.
Any legal entities and physical persons can be lessees.
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