Belarus:
A Lease Agreement Without Foreign Currency
29 August 2022
GRATA International
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From September 23, 2022 to January 1, 2024 the right of the
landlord to determine the rent fee in the contract based on a
certain amount in foreign currency is suspended, until January 1,
2024.
Therefore, until September 23, 2022 it is necessary to bring the
lease agreements in line with the new requirement. Now the amount
of the rent must be reflected using the national currency –
the Belarusian ruble.
The possibility of this novelty was discussed for a long time,
on July 22, 2022 the change was published in Art. 4 of the Law of
July 18, 2022 No. 197-3 «On amendments to laws on issues of
the securities market».
Other changes can be found at the following link: https://inlnk.ru/XOVvxg
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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