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T-7.1, r. 2 - Regulation respecting the alienation and leasing of agricultural lands in the domain of the State
Section 12
Disposition versions
12. The annual leasing price is equal to 10% of the actual value of the land as established according to generally accepted property assessment methods in accordance with the Act respecting municipal taxation (chapter F-2.1), without taking into account the buildings and other works erected or carried out by the lessee or by the person authorized by the Minister to occupy such land.
The leasing price may in no case be less than $4 per ha, with a minimum of $50, and those amounts shall be increased according to the increase in the actual value of the land after 24 January 1990.
If the assessment of the land is not available, the Minister shall lease the land at the price provided for in the second paragraph.
The annual rent shall be payable in advance at the beginning of each year and shall be increased every 3 years in relation to the actual value of the land established at that time in accordance with section 11.
