OREANDA-NEWS. December 21, 2007. The Bill (Reg. No. 1091) envisages securing of the Lessee?s and Lessor?s Rights in conclusion of Land Lease Contracts, and the exclusion of any possibility of the existence of different types of Contracts between them, reported the Official website http://portal.rada.gov.ua.

The Bill?s provisions require that a Land Lease Contract be concluded in writing, and subject to Notary attestation.

The Author of this Bill, The People?s Deputy Yu. Myroshnychenko, states that at present State Registration is effected both by Notary attested Land Lease Contracts and by those in writing but not Notary attested. This stems from discrepancies in Ukrainian Laws concerning the Contract Form for Land Lease. For instance, Article 14 of the Law ‘On Land Lease? does not stipulate the obligatory attestation of Land Lease Contracts, whereas Clause 290 of the Business Code of Ukraine requires the obligatory Notary attestation of such Contracts.

The Author believes that once this Bill has been passed, it will heighten the protection of the Parties to a Land Lease Contract, and introduce a single rule for the making of such Contracts between the Lessee and Lessor.