Article 4. The leasing subject of the Financial Leasing Act

Home / Laws / Article 4. The leasing subject of the Financial Leasing Act

1. The subject of leasing can be buildings, structures, machinery, equipment, inventory, vehicles, land plots and any other non-consumable items.

2. Securities and natural resources cannot be leased.

3. Legislative acts may establish other restrictions on the use of certain categories of things and land plots as a subject of leasing.

4. The leased item remaining in the lessor's ownership in the event of termination or termination of the lease agreement may be used by the lessor for subsequent leasing transfer to another lessee.

Upon subsequent leasing of such a leased item, it is considered that the choice of the seller and the leased item is made by the lessor.

5. Leasing items under leasing agreements concluded with individuals may only be motor vehicles of categories M1, N1, put into circulation in accordance with the Technical Regulations of the Customs Union "On the Safety of wheeled Vehicles", based on the approval of the type of vehicle, including those that are the subject of leasing under previously concluded leasing agreements. Information on vehicle type approval is subject to mandatory indication in the electronic passport of the vehicle and an extract from the electronic passport of the vehicle intended for leasing to an individual received by the interested party.

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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