21. Unless otherwise provided for, the annual rent for land or buildings must be 6% of their market value. However, the rent may not be lower than the minimum rent fixed in section 7 of Schedule I.
The rent is rounded off to the next highest dollar if the dollar fraction is $0.50 or more, or to the next lowest dollar if the dollar fraction is less than $0.50.
O.C. 231-89, s. 21; O.C. 308-99, s. 1; O.C. 440-2003, s. 1; O.C. 705-2010, s. 13; O.C. 980-2015, s. 3.