Law No. 16 “On lease.”

This Law establishes that agricultural commodities and agricultural land, namely arable land, vineyards, orchards, wine nurseries, fruit trees, hop and mulberry can be objects of lease. Leasing means the contract concluded between the owner, usufructuary or other legal holder of agricultural assets and lessee, regarding the exploitation of agricultural assets, for a determined period and at a price set by the parties. The lessee, a natural person, must be a Romanian citizen with domicile in Romania, present the guarantees requested by the lessor. The lessee, a legal entity, must have Romanian nationality, be based in Romania and have as its object of activity the exploitation of agricultural assets. Economic agents with majority state capital providing services, resulting from the transformation of former agricultural mechanization stations, cannot lease agricultural land. The duration of the lease must specify the date on which it begins and the date on which it ends, according to the contract. The lease term cannot be less than 5 years. In the case of vineyards, trees, fruit bushes, hops and mulberry plantations in decline, the lease term can be less than 5 years depending on the state of the plantation and, respectively, the remaining exploitation period. The lease payment is made in kind, in money or in kind and in money, according to the agreement of the contracting parties, and is executed at the time and place established in the contract.