ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of May 21, 1993 No. 284

About approval of the Regulations on the rent company and Regulations on lease contract

In pursuance of the Law of the Republic of Moldova "About lease" the Government of the Republic of Moldova decides:

1. Approve Regulations on the rent company and Regulations on lease contract (the appendices N 1 and 2).

2. To the companies working in lease term to bring the lease agreements signed in the territory of the Republic of Moldova and charters of the founded rent companies into compliance with requirements of this resolution in a month. If changes and amendments in constituent documents entailed changes of the data entered in the State commercial register the last are brought in the register in accordance with the established procedure.

3. Determine that in case of lease of state-owned property (municipal) company of the Republic of Moldova by lessors are:

1) Fund of state-owned property - in case of lease of property of the state company or company owning share of state-owned property;

2) local government body in the territory of which there is the relevant company, - in case of lease of property of the municipal company, and also the companies owning share of municipal property.

The refusal in the conclusion of lease agreements is allowed in case:

inclusions of the state company in the list of the objects which are not subject to leasing or in the list of objects, privatizeable in 1993-1994 for bonds of national property according to the State program of privatization approved by Parliament of the Republic of Moldova;

prediscretion in the lease agreement of the complete or partial redemption of state-owned property;

violations of established procedure of creation of the rent company; if leasing of the company or its division contradicts the antitrust law of the Republic of Moldova.

4. Sublease of property of the state company (or municipal) is performed by directors only with the consent of the lessor.

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