Dentons Legal Alert
Dentons, Kyiv, Ukraine,
Thu, Dec 7, 2017
On 22 November 2017, the Cabinet of Ministers of Ukraine approved Resolution No. 890 On Introduction of Amendments into Certain Resolutions of the Cabinet of Ministers of Ukraine (hereinafter referred to as Resolution No. 890), whereby amendments were introduced into the Model Land Lease Agreement, approved by Resolution of the Cabinet of Ministers of Ukraine, dated 3 March 2004, No. 220.
The approved amendments provide for the following:
- Determination in the lease agreement of quality characteristics pertaining to the subsoil layer of a land plot as of the moment of commencement of lease of such land plot
- Reimbursement to the landlord (owner of land plot) of losses incurred as a result of deterioration of quality of the subsoil layer of the leased land plot or bringing a land plot into a condition unsuitable for its further utilization in compliance with its designation (zoning)
- Determination of a time limit for effecting a lease payment due for utilization of a land plot and increasing liability for failure to effect such lease payments on a timely basis (penalty, fine).
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