Lands Authority>FAQs>What happens if the rent rate of the current lease exceeds the rate of 500 euros contemplated in the scheme?

What happens if the rent rate of the current lease exceeds the rate of 500 euros contemplated in the scheme?

When the current annual rent being paid by applicant exceeds the rate of €500 contemplated in the scheme, the applicable rent shall be reduced to €500 per annum.

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