The lease of state public property shall be made through a contract or agreement in writing with the approval of the Minister of Economy and Finance. This contract shall be accompanied by a charter specifying the rights and obligations of the lessee.
The lease of state public property shall comply with the following conditions:
1. The purpose of use shall not be changed or the property shall not be damaged.
2. The function of public utility or public service shall not be changed.
A lease contract for private state property for a period exceeding 15 years shall establish a permanent lease right that grants the lessee the following rights:
1. Mortgage or usufruct or mortgage
2. Sublease
3. Subject to peace
4. Other dispositions, whether for a fee or free of charge.
Clarification (Addition) The rules and procedures for the lease of state public property and state private property shall be determined by sub-decree.
(Excerpt from Articles 37/38/39/40 and 41)