Type | New price |
For application for and preparation of a lease for: | |
a) Residential purposes | M100.00 |
b) Commercial:
i)Grade 1 ii)Grade 2 iii)Grade 3 iv)Grade 4 (and rural areas) |
M1,000.00 M500.00 M200.00 M100.00 |
c) Industrial purposes, hotel, Warehouse, wholesale/retail:
i)Grade 1 ii)Grade 2 iii)Grade 3 (and rural areas) |
M1000.00 M500.00 M200.00 |
(d)Petroleum products:
i)Grade1 ii)Grade 2 (e) iii)Grade 3 (and rural areas) |
M1000.00 M500.00 M200.00 |
(f) Agricultural
i)cannabis ii)irrigated iii)other iv) non-irrigated |
M50.000.00 700.00 200.00 100.00 |
g) Recreational,religious,benevolent
educational, charitable and medical |
M200.00 |
h) Any other document involving tittle to land | M200.00 |
i)Any specific consent | M100.00 |
Review of Ground Rent Rates
First schedule (Regulation 53)
Table 1
New Rates
Grade | R | C | I | W | P | H |
1 | 0.44 | 1.19 | 0.90 | 0.45 | 0.90 | 0.90 |
2 | 0.36 | 0.86 | 0.57 | 0.30 | 0.57 | 0.57 |
3 | 0.32 | 0.53 | 0.35 | 0.15 | 0.35 | 0.35 |
4 | 0.26 | 0.36 | ||||
5 | 0.18 |
Note: Additional 100% amount of ground rent shall be payable by foreign enterprise as per table 1 above.
Table 2
Devotional, religious benevolent, educational, recreational(not profit-making),charitable and medical | New rate M500.00 per plot |
Recreational (profit making) sand, gravel, clay and other common mineral | M1000.00 per plot
M0.86 per square metre |
Other unspecified | M0.2 to 0.5 per square metre |
Fifth Schedule (Regulation 19)
Table 1
New agricultural rates in Loti per hectare
N | I | R/F | 0 | |
A | 31.50 | 157.50 | 9.00 | 157.50 |
B | 24.00 | 120.00 | 4.50 | 126.00 |
C | 16.00 | 78.00 | 7.50 | 94.50 |
D | 13.00 | 46.50 | 4.50 | 46.50 |
E | 9.00 | 31.50 | 1,50 | 15.00 |
Proposed Cannabis rate in Loti per hectare
Cannabis including sublease 500.00
Table 2
The rate is given in Loti rate
Land user New
Intensive Agriculture(Livestock, poultry or Horticulture) | M1000 per hectare or part thereof |
Agriculture(other) | M200 per hectare or part thereof |
2.A levy of 10% of the due ground rent plus the current Central Bank of Lesotho prime lending interest rate per year shall be payable by a lessee who is in default of, payment of the ground rent