Belarus Has Adopted New Rules For Leasing And Lending State Property

On May 16, 2023, the President of Belarus issued Edict No. 138 "On leasing and lending of state property". State property is rented out based on a lease agreement. Lessors of immovable property are state authority and organisations, commercial companies established as a result of privatisation and their legal successors, regarding property not contributed to their charter capital, as well as legal entities founded on the right of state ownership, which has real estate in their limited real rights.

In the case of leasing real estate owned by the state, the lessee is obliged to pay a rent defined in the basic rent unit. The rent is calculated according to the formula set out in the Regulation approved with Edict No. 138.