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Lease

  • About Land Lease
  • What is a Lease Term?
  • Process in acquiring a transfer
  • Preparing a Lease's registration documents
  • Carrying out a variation

Preparing a Lease's Registration Documents

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This process usually ensues the issual of a Negotiator Certificate and acquiring a Survey Plan.

  • Once a Negotiator Certificate is acquired,
    4 copies of the proposed lease's Survey Plan
    should be acquired as well.
    • A private Consultant can be hired or a
      Lands Department officer can be consulted,
      to prepare your lease's documents.
      Fees: 56,250VT
      • When the Lease is signed,
        it is lodged at the Lease Execution unit.
        Fees: 16 875 VT
        • The lease is processed through the
          Land Department's checklists and,
          if it is found to be in order,
          it is lodged at the State Law Office
          for further checking.
          • The lease document is checked by
            State Law Officers and then forwarded
            for ministerial approval.
            • Lease documents are returned to the
              Lands Department for collection and further processing.
              • The lease is Lodged at the Financial Service
                Commission for stamping Fees:
                1) Premium x 2%
                2) Rent x Lease Term x 2%
                •  Lease is lodged for Registration at
                  the Land Registry.  Fees:
                  1) Premium x 5%
                  2) Rent x Lease Term x 5%
                  • Once the lease has passed through all the necessary channels and is signed by the Principal Registry Officer, the lease is finalized and its documents are ready for collection.

 

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