LAW OF THE TURKMEN SSR

of October 12, 1990 No. 305-XII

About lease and the rent relations in the Turkmen SSR

Section I. Lease. General provisions about lease

Article 1. Lease

Lease represents the urgent paid ownership based on the agreement and use of the earth, other natural resources, the companies and other property complexes, and also other property necessary for the lessee for independent implementation of economic or other activity.

Article 2. Legislation on lease

The relations on lease in the Turkmen SSR are governed by Bases of the legislation of USSR and federal republics about lease, this Law and legal acts of USSR and the Turkmen SSR published according to them, and in the cases provided by these legal acts - also resolutions of Council of Ministers of the USSR and Council of Ministers of the Turkmen SSR.

Article 3. Sphere and object of lease

Lease is allowed in all industries of the national economy and can be applied to property of all forms and types of property.

Can be leased:

a) lands and other natural resources;

b) companies, organizations, associations, their separate divisions, productions, shops, other divisions of the companies, organizations, associations as single property complexes of business assets and other values;

c) certain buildings, constructions, equipment, vehicles, stock, tool and other material values.

The legislation of USSR and the Turkmen SSR establishes types (groups) of the companies, organizations and property types which delivery in lease is not allowed.

Article 4. Lessors

The right of property leasing in the Turkmen SSR belongs to the owner, including legal entities and citizens of other federal republics, and also foreign legal entities and citizens. The bodies and the organizations authorized by the owner can be lessors to lease property. The state companies, the organizations have the right to lease the property complexes, certain buildings, constructions, the equipment and other material values which are under their complete economic authority or operational management. The earth is leased by the relevant Councils of People's Deputies according to the procedure and on the bases provided by this Law and the Land code of the Turkmen SSR.

The lease agreement on the earth and other natural resources consists first of all with juridical parties of this region, then with the juridical parties located in the territory of the Turkmen SSR or in other territory, performing the activities for the benefit of the Turkmen SSR and with the citizens living in this region then with the citizens living in other regions of the Turkmen SSR or other citizens of the USSR. The lease agreement is signed with other juridical parties and citizens, and also foreign juridical parties and citizens in the absence of persons interested to enter the rent relations from among persons listed in part two of this Article.

Article 5. Lessees

Legal entities and citizens of the Turkmen SSR, and also legal entities and citizens of other federal republics, joint businesses, international associations and the organizations with participation of the Soviet and foreign legal entities, foreign states, the international organizations, foreign legal entities and citizens can be lessees.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info