Library Resource
Legislation
Lithuania, Europe, Northern Europe
This Law establishes the procedure for leasing land to natural and legal persons of the Republic of Lithuania and foreign states as well as to joint ventures and firms with foreign capital, and regulates the relations between the lessee and the lessor. The Law describes in article 2 the concept of lease, prescribes in article 3 the form of a lease contracts, whereas article 4 prescribes the contents of a lease contract. Article 6 provides for the leasing of state-owned land by competitive bidding. Lessees shall meet requirements set out in article 7.