Specified procedure of selling leased regional and municipal immovable property to small and medium enterprises

The period within which state (owned by entities of the Russian Federation) and municipal immovable assets are leased by small or medium enterprises upon expiry of which they obtain a priority right to redeem these assets has been reduced from three to two years.

The condition for providing a priority right for redemption of assets will be no indebtedness in payment of rent fees and forfeits as of the date when a contract of purchase and sale of leased assets or, in case of a small and medium enterprise initiative to purchase leased assets - as of the date of filing an application for exercise of a priority right to purchase these assets.

In case of making a deferred payment for the assets purchased, these assets shall be pledged by a seller until it's completely paid, and in this case, unlike according to the previous procedure, it is not necessary to conclude a separate contract of assets purchased pledge.