THE LEASE OF LAND

ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kotora

(continued from last issue)

The duration of a lease of land contract under private ownership shall be established upon the agreement between the lessor and the lessee. The parties may also form a land lease contract for an indeterminate term. The duration of a contract of lease of public land shall be established upon an agreement between the lessor and the lessee; nevertheless, the term may not exceed ninety-nine years. Where the land plot pursuant to the territorial planning documents is allocated to be used for public needs, such a land plot shall be leased only for a period until it is expropriated for the purposes intended. In the event of the contract being concluded for a longer period, it shall be deemed to be concluded only for the duration until the expropriation of the land plot.

Public land, with the exception of specific cases, may be leased by competitive bidding in accordance with the procedure established by the government of Lithuania to a person who offers the highest payment for the lease of land. Public land may be leased not by competitive bidding in instances when it is built over by buildings, construction works or installations that belong to natural or legal persons by the right of ownership, or are leased by them, likewise in other cases provided for by laws.

These instances are given only as general provisions of the legal regulation of land lease in Lithuania. For anyone planning to lease land in Lithuania, it is strongly advised to consult a local lawyer.