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Transportation and Public Works
HOME /
LAND AND ENVIRONMENT /
PROVINCIAL PROPERTIES /
Provincial Land Leasing
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The granting of interests in Provincial Lands is varied.
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The Government of Prince Edward Island land base contains lands suitable for
agricultural use. These lands are leased to local farmers for just that purpose.
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The term is usually six years and is renewable, expect to pay 8% of the
value assessed for taxes as an annual rental fee, the lessee will be required
to enter an erosion control plan for the leased premises, the lessee must
carry a $1,000,000 general liability insurance with the Government of Prince
Edward Island named as a co-insured , adherence to buffer zone legislation and
the Agricultural Crop Rotation Act is required.
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Less frequently granted are leases for commercial operations. Expect to pay 10%
of the assessed value for taxes as an annual rental and provide up to $ 2,000,000
in general liability insurance coverage with the Government of Prince Edward Island
named as a co-insured depending on the operation. Terms of commercial leases are
generally set at 5 years renewable.
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Licenses- Short term interest in Provincial Lands can be granted at the discretion
of the Minister. Individuals or groups can apply for a license on a particular
property for short term access across a particular property or to hold a special
event on a property. etc. Longer term licenses are also available for infrastructure
location such as trails boardwalks etc. You can expect to provide up to $ 2,000,000
in general liability insurance coverage with the Government of Prince Edward Island
named as a co-insured depending on the activity proposed. Rental rates vary according
to activity but at minimum you will be required to pay a $300.00 administration fee
for this service.
FAQ's
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For Further information contact
Glen Moriarity * Last
updated July 16, 2004 |
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