Law No. 305-12 on lease. Country/Territory Turkmenistan Document type Legislation Date 1990 Source FAO, FAOLEX Subject Land & soil Keyword Lease Tax/levy Geographical area Asia, Caspian Sea, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia Entry into force notes The Law enters into force from the date of its official publication. Abstract Lease represents fixed-date contractual charged possession of land and land tenure and possession of other natural resources (art. 1). Land and other natural resources can be granted on lease (art. 3). Rent shall include depreciation charges imposed on leasehold. Depreciation charges shall not be imposed on land leasehold (art. 8). Land lease shall be granted for long-term period - ten years and over (art. 12). The Law consists of 2 Sections composed of 33 articles. Full text Russian