Important Changes To The Model Land Lease Agreement

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; such amendments were aimed at improving the management tools applied with respect to utilization and conservation of lands, preservation and renewal of subsoil fertility.

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