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