Mont. Admin. r. 36.25.915 - MINIMUM LEASE CALCULATION
(1) Pursuant to
77-1-905(2), MCA,
the department will set the minimum annual rent for any commercial lease to
obtain the full market value of that lease. Such rental shall be at a rate not
less than the product of the appraised value of the land multiplied by a rate
that is two percentage points a year less than the current
federally-guaranteed, annual, 20-year bond rate provided by the Montana Board
of Investments commercial loan rate sheet. For the purpose of calculating the
minimum annual rent, the department may round the 20-year rate to the nearest
whole number.
Notes
77-1-209, 77-1-301, MCA; IMP, 77-1-605, 77-1-903, 77-1-912, MCA;
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