Article 19. Transfer of the leased item of the Financial Leasing Act to the lessee

Home / RLA / Article 19. Transfer of the leased item of the Financial Leasing Act to the lessee

1. The leased item is transferred by the seller directly to the lessee at the location of the latter, unless otherwise provided by the lease agreement or the contract of sale.

2. Unless otherwise provided by the lease agreement, the leased item is transferred to the lessee along with all its accessories and related documents (documents certifying completeness, safety, quality, installation, commissioning, operation, etc.).

3. In cases of violation by the seller of obligations under the lease agreement, the related losses are borne by the party to the lease agreement that chose the seller, unless otherwise provided by the lease agreement.

4. In case of non-compliance of the leased object with the purposes of its use under the lease agreement, the related losses are borne by the party to the lease agreement that chose the leased object, unless otherwise provided by the lease agreement.

The Law of the Republic of Kazakhstan dated July 5, 2000 No. 78.

This Law regulates relations arising in the process of financial leasing and is aimed at attracting investments based on leasing activities.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases