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R-13, r. 1 - Regulation respecting the water property in the domain of the State
Section 26
Disposition versions
26. In addition to the adjustment provided for in section 6, a lease must stipulate that the Minister is authorized to revise the annual rent to take into account any changes in the land value.
However, such a revision may not be made more than once per 3-year period with respect to the same lessee.
A written notice indicating the revised value of the land and the new rent shall be sent to the lessee within 90 days before the new rent becomes effective. The lessee may, within 30 days following receipt of the notice, terminate the lease by sending a notice to that effect to the Minister.
