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Lease (R.R.O. 1990, Reg. 700).

Country/Territory
Canada
Territorial subdivision
Ontario
Document type
Regulation
Date
1990
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Land tenure Transfer Lease Ownership Tax/levy
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Abstract

The present Regulation enacts the Land Transfer Tax Act. The Regulation lays down provisions relating to land lease. Section 1 establishes that where an instrument containing an extension or notice of extension of the rights under a lease or sublease is registered at a time when the term of such lease or sublease including any renewals or extensions, but without regard to the extension to be registered, exceeds fifty years, the value of the consideration in respect to such extension shall be reduced. The text consists of 3 sections.

Full text
English
Website
www.gov.on.ca

References - Legislation

Implements

Land Transfer Tax Act (R.S.O. 1990, c. L.6).

Legislation | Canada | 1990 (2021)

Keyword: Tax/levy, Ownership, Data collection/reporting, Dispute settlement, Survey/mapping, Royalties/fees, Land valuation, Land tenure

Source: FAO, FAOLEX