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T-8.1, r. 7 - Regulation respecting the sale, lease and granting of immovable rights on lands in the domain of the State
Section 28.3.1
Disposition versions
28.3.1. Despite section 28.1, the annual rent of a lease granted on or before 1 November 2003 and renewed for the first time in the 5 years preceding 1 January 2020 corresponds to the sum of the following amounts, adjusted according to the indexing procedure provided for in section 3:
(1) the annual rent provided for before the first renewal;
(2) the amount to obtain the minimum rent fixed in section 7 of Schedule I upon renewal;
(3) the amount of the rental increase spread for the year over which the increase is spread on 31 December 2019, in accordance with the first paragraph of section 28.4 as it read on that date.
