Joint Regulation No. 1336 of the Ministry of Justice and No. 6/17 of the Central Bank regarding valuation of land leases. Country/Territory Uzbekistan Document type Regulation Date 2004 Source FAO, FAOLEX Subject Land & soil Keyword Land valuation Lease Farming Credit Agricultural development Geographical area Aral Sea, Asia, Asia and the Pacific, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia Entry into force notes This Joint Regulation enters into force on 18 April 2004. Abstract This Joint Regulation establishes the modalities for assigning values to long-term land leases held by farmers to ensure credit recovery by commercial banks. The Regulation applies only to land transferred to commercial banks as security for loans granted to farmers. Valuation of such leases shall be calculated as the average net profit for a land unit for the previous three years. If a farm has been operating for fewer than three years, the amount shall be calculated based on a similar plot of land located in the same area. Full text Russian Website pravo.uz