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OC 561/2015 - The Provincial Lands (Sale of Lands and Lease Rental) Amendment Regulations, 2015 (Minister of Agriculture)
Description:

Title: The Provincial Lands (Sale of Lands and Lease Rental) Amendment Regulations, 2015

Minister: Minister of Agriculture

Summary: On filing date, these regulations will amend SR 145/68 to re-enact a Crown land sale program, known as the 2015 Agricultural Crown Land Sale Program, to promote the sale of land to existing lessees. The following sales incentive will be established to encourage lessees to purchase cultivated and formerly cultivated lands which have no public interest:

  • 15 per cent reduction in the sale price of the land if the lessee’s application to purchase is received before April 1, 2016;
  • 10 per cent reduction in the sale price of the land if the lessee’s application to purchase is received on or after April 1, 2016 and before January 1, 2017; and
  • 5 per cent reduction in the sale price of the land if the lessee’s application to purchase is received on or after January 1, 2017, and before January 1, 2018.
Add a section to enable the Ministry of Agriculture to provide clients who currently lease cultivated, and formerly cultivated lands, with a rental rate increase to further encourage lessees to purchase their leased land, which has no public interest. The lease rental fee shall be increased by:
  • 15 per cent over the formula rent for the period January 1 – December 31, 2016; and
  • 30 per cent over the formula rent for the period commencing January 1, 2017.
See: The Provincial Lands Act, clause 20(1)(a)





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