The changes in the ownership structure were to be implemented by the Agricultural Property Agency of the State Treasury, which, under the Act of Law of 11 April 2003 on the structuring of agrarian system (i.e. The Journal of Laws of 2012, item 803, as amended), on 16 July 2003 became the Agricultural Property Agency with eleven local branch offices. For the purposes of this article the monographic method was used for the overview of relevant literature and legal provisions, whereas the statistical analysis was employed in the data of the Central Statistical Office and reports on the activities of the Agricultural Property Agency. Until the end of 2015 the main objective of the Agricultural Property Agency was to restructure and dispose of the assets within the Agricultural Property Stock of the State Treasury. Since its foundation, the Agency expanded the Stock by 4.74 million ha. Over time, the operating conditions for the Agency were in a state of flux – they were being adjusted to the changing socio-economic situation. At the beginning, leasing was the basic form of disposal of the Stock land. After Polish accession to the European Union an increased interest in the acquisition of agricultural property was observed. By the end of 2014, as a result of land sale, free-of-charge land transfers or other transactions, approximately 3.2 million ha were disposed of, i.e. about 70% of the whole land which was taken over. Currently, according to the legal provisions, long-term lease is the basic form of disposal of the Stock land.

The current situation in land leasing in Ukraine is analysed, when a tenant of a land parcel with immovable property is sold in part, which causes the following controversy: the land parcel in someone’s lease has buildings or constructions owned by another physical or legal person (other than the tenant). The interested party wastes a lot of time on resolving this controversial situation with the existing procedures in Ukraine. This problem is not always solved professionally because of the lack of sellers’ and buyers’ knowledge of specific features of land management and geodesy. Three main variants of mutual location of the seller’s and the buyer’s buildings and constructions are defined, which determines the possibility of dividing a land parcel. Recommendations on the improvement of the procedure and normative legal acts of Ukraine concerning the issue are developed, aimed at significant acceleration of signing and registering new lease agreements.

The result of the long existence of legal restrictions on the agricultural land market in Ukraine was the formation of a specific leasehold system of land use. Agricultural enterprises and farms do not have land owned. Instead, the peasants who became owners of land during the distribution of collective farms, mostly do not process these parcels of land on their own, but also deprived of the right to alienate them (to sell, give, change). The study shows the development of leased land use of agricultural enterprises in Ukraine, which currently covers 16.8 million hectares of private land and about 1 million hectares of state-owned land. Since 2003, the civil law of Ukraine permitted to apply not only the lease of agricultural land, but also the emphyteusis right (the alienated right to use someone’s land for agricultural purposes), the process of transformation of lease into emphyteusis was started, especially in large agricultural holdings. The main advantages of emphyteusis as a substantive law and its attractiveness for agribusiness are considered. The suggestions on improving the legal regulation of land use under conditions of emphyteusis are given.

In order to promote the preservation of agricultural land and the sustainable use of its areas for the needs of agricultural production, on 1 July 2015, the Latvian Land Fund established by the state started operating in Latvia. The Land Fund was established to promote the preservation and use of agricultural land for agricultural purposes in Latvia in the amount of not less than 2 million hectares, involving approximately 0.4 million hectares of agricultural land not previously actively used in active agricultural production. The operation of the Land Fund is regulated by the Law on Privatization of Land in Rural Areas and the regulations of the Cabinet of Ministers on transactions with agricultural land. Development Finance Institution ALTUM has been approved as the land fund manager. The Latvian land fund consists of accumulated agricultural land, which is further leased, sold or changed. The main activities of the Land Fund are the purchase of agricultural land, the lease of agricultural land and the sale or exchange of land. The Land Fund buys property from existing owners who are no longer able or for any other reason unable or unwilling to continue to use agricultural land for agricultural activities themselves. The Land Fund is looking for a buyer or manager for the purchased property. For unleased and unsold properties, the fund organizes management — mowing, and bush removal with the aim of keeping agricultural land in good condition, cleaning up agricultural land and returning it to agricultural circulation. The aim of the study is to analyse the Latvian Land Fund's transactions with agricultural land since the establishment of the Land Fund.