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ARTICLE · 05 FEBRUARY 2018

Amendment To Agricultural Land Lease Act

The Slovak Parliament approved an amendment to Act No. 504/2003 Coll., on Agricultural Land Lease, Agricultural Holdings and Forest Land, as amended.

SlovakiaReal Estate and Construction
Hamala Kluch Viglasky
Hamala Kluch Viglasky

The Slovak Parliament approved an amendment to Act No. 504/2003 Coll., on Agricultural Land Lease, Agricultural Holdings and Forest Land, as amended. The amendment introduces a relatively large number of changes in provisions concerning the lease of agricultural land for business purposes.

The amendment is currently awaiting the President´s signature and the vast majority of changes should come into force on May 1, 2018. The amendment removes the automatic renewal of lease agreements (currently in force in cases where one year before the expiry of a lease agreement neither the lessee nor lessor invites the other party in writing to return/take over the leased land after expiry). There will also be changes in provisions concerning the right to a pre-emptive lease. This right will only be preserved for lessees who use the land and will not apply to cases in which the ownership of leased land has been transferred to another person. In the event of a breach of

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