Summary Policy

Date
September 3, 2003

Reference Number
CSP - L05

Key Words
Lease - Renting

Policy Statement

A registered charity can lease property to a third party (e.g., space in a building not occupied by a registered charity). A charity can lease property to another registered charity below market value. However, if the charity leases property to a non-charity tenant, it must lease the property at fair market value.

References

• Fair Market Value, CSP - F02.
• Property, CSP - P05.
• Lease, CIL-1993-010.
• Completing the Registered Charity Information Return, T4033A.