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Home / Codes / Article 574. Creditors' rights when leasing an enterprise of the Civil Code of the Republic of Kazakhstan

Article 574. Creditors' rights when leasing an enterprise of the Civil Code of the Republic of Kazakhstan

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 574. Creditors' rights when leasing an enterprise of the Civil Code of the Republic of Kazakhstan

     1. The lessor is obliged to notify its creditors in writing about the transfer of debts to the lessee prior to the conclusion of the lease agreement, who, in case of disagreement with such transfer, have the right, within three months from the date of receipt of the notification, to demand from the lessor the termination or early fulfillment of the relevant obligations and compensation for losses. If any of these claims are not submitted within the specified period, the creditor shall be deemed to have consented to the transfer of the relevant debt to the lessee.

     2. The company can be transferred to the lessee only after completing settlements with creditors who have demanded termination or early fulfillment of obligations from the lessor.

     3. After the transfer of the enterprise as a property complex to lease, the lessor and the lessee are jointly and severally liable for the debts included in the transferred enterprise, which were transferred to the lessee without the consent of the creditor.

 

 

 

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