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09 november 2022

How to calculate rental operating costs?

As known, in Belarus starting from September 23, 2022 and until January 1, 2024 the landlord’s right to determine the rent amount in currency equivalent in the contract was suspended due to the adoption of Law No. 197-Z “On Amending Laws on the Securities Market” (Law No. 197-Z).

At the same time, the Law expressly established a prohibition on calculating the rent in currency equivalent, but it did not regulate in any way the possibility of using the currency equivalent to calculate the operating costs associated with the lease. The further details are in our article “Rental operating costs: is a currency equivalent available?