https://www.fao.org/faolex/results/details/en/c/LEX-FAOC079981

Resource information

Resource Language

English

ISBN / Resource ID

LEX-FAOC079981

Pages

1

License of the resource

Copyright details

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Law governs lease agreements, including the rights, obligations and performance of the Parties. Leases shall comprise contracts for the temporary and paid tenure and use of land or other natural resources for the purpose of establishing an independent business, or for other purposes stipulated by law. Any owner of property or his representative may lease the property. Any natural person or group of persons or legal entity may be the lessee. Lease agreements shall determine the method of leasing the property, such as competition or auction. The lease agreement shall determine: (a) the cost and the content of the property; (b) use of property; (c) lease term, cost and method of payment; (d) the rights and obligations of the Parties; (e) the conditions of the lease and for returning the property after its expiration.

Legislation