Article 21. Leasing payments of the Financial Leasing Act

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Lease payments are periodic payments representing the total amount of payments under the lease agreement for the entire term of the lease agreement, which must be calculated taking into account the reimbursement of all or a significant part of the cost of the leased item at the price at the time of conclusion of the lease agreement and carried out during the term of the lease agreement, which include:

1) reimbursement to the lessor of the costs of acquiring the leased item and any other expenses directly related to the acquisition, delivery of the leased item and bringing it into working condition for its intended use in accordance with the lease agreement;

2) remuneration for leasing.

The Law of the Republic of Kazakhstan dated July 5, 2000 No. 78.

This Law regulates relations arising in the process of financial leasing and is aimed at attracting investments based on leasing activities.

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Republic of Kazakhstan

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