ARTICLE V
OWNERSHIP
1. All buildings, immovable structures and constructions located on the land of the Agreed Objects and territories, including those modified or improved by the CAF, remain the property of the Government of Latvia. All such buildings, structures and structures constructed by CAF shall become the property of the Government of Latvia upon their construction, but shall be used by CAF until such time as they are no longer required by CAF.
2. CAF transfers any Agreed facility or territory or any part thereof, including buildings, immovable structures and structures built by CAF, as undivided and unencumbered property of the Government of Latvia after CAF has ceased to use them, provided that CAF does not cover related costs. The Participants or their authorized representatives shall negotiate the terms of the transfer of any Agreed Facility or area, including compensation for the residual value of improvements or construction made by CAF.
3. CAF and GC contractors retain ownership rights to all equipment, material and technical means, stocks, movable structures and other movable property that they have imported or acquired in the territory of Latvia.
4. Members or their designees may negotiate the transfer or sale of CAF equipment in excess of CAF requirements as permitted by Canadian law.