Changes Coming to NWT Land Lease Fees

Changes are coming to the fee structure of land leases in the Northwest Territories.

It will come as the first change in twenty years to lease rent minimums.

There has been inconsistencies in lease fees depending on whether it is commissioner land, land around or within a community, or territorial land, land in rural areas.

Director of Commissioner’s Land Administration, Blair Chapman says their first step to sorting out the discrepancies was to implement a consistent minimum lease fee.

As a first step to try to deal with these inconsistencies we would then establish a lease rent minimum for either territorial or commissioner’s land and set that value at $840

Chapman adds that lowering the percentage used to calculate residential lease rents from ten percent of the assessed value to five, residents could see a lower yearly fee.

The rate changes begin as of April 1st.

About the Author

Owen Fullerton
Owen is brand new to the radio industry. Graduating from Niagara College in 2017 with a broadcasting for radio and TV diploma, Owen decided to start his career up here in the North. A huge sports fan, music junkie, and Netflix binge watcher, he is pretty talented at wasting an obscene amount of time on these things. Owen is excited to see what the North and CKLB radio has in store for him.

Be the first to comment on "Changes Coming to NWT Land Lease Fees"

Leave a comment