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Provincial Land Leasing
The granting of interests in Provincial Lands is varied.- 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. The term is usually six years and is renewable, expect to pay 8 per cent 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 million 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.
- Less frequently granted are leases for commercial operations. Expect to pay 10 per cent of the assessed value for taxes as an annual rental and provide up to $2 million 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.
- 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 million 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 administration fee for this service.
Frequently Asked Questions
Contact: Carol Craswell
