Deke Posted November 6, 2014 Share Posted November 6, 2014 Does anyone know how the Land Department calculates the fee that it charges to register a 30-year lease on a parcel of land? Is it based on the total lease value or the appraised land value? How is it calculated? Thanks in advance. Link to comment Share on other sites More sharing options...
simon43 Posted November 6, 2014 Share Posted November 6, 2014 As far as I remember, it is based on the total lease amount over the lease term, and is a % of that total lease amount. I would have to check my lease documents/receipts, but I think the % was about 1% Link to comment Share on other sites More sharing options...
Deke Posted November 6, 2014 Author Share Posted November 6, 2014 Thank you Simon. Do you remember if there are any fixed fees or is it just the 1%? Link to comment Share on other sites More sharing options...
TPI Posted November 7, 2014 Share Posted November 7, 2014 Guessing again, I think it's 1.5% on the total amount of the lease! Link to comment Share on other sites More sharing options...
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