Law No. 1392 on the promotion of leasing. | Land Portal

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LEX-FAOC080092
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1
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The purpose of this law is to develop relations originated by lease contracts as envisaged in the civil code and to promote leasing. It envisages the following types of leases: (a) direct leasing, during which the lessor is the owner or producer of the leased property; (b) compensational leasing, in which the lessee makes lease payments in the form of in-kind contributions (goods, services, labor); (c) service leasing, where services are provided by the lessor in the form of management, insurance, warranty services, repair activities, etc.; and (d) pure leasing, one in which the lessor is not obligated to provide services in relation to the leased property. The lessor shall have the right to register the lease contract in the relevant public registry. Non-registry of a lease contract shall not affect its validity or enforceability. A lease is a separate right and, despite being attached to immovable or movable property, the lessor retains ownership over leased property until the lessee becomes an owner of the leased property under the contract.

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