Generally speaking, the amount of Government rent is as specified in the land lease. For renewable land leases, the rent payable for the renewed term is 3% of the rateable value of the property as at the date of renewal. This amount remains the same until the property is redeveloped.
How is the amount of Government rent determined?
Source：1823 / Government Rent and Premium Unit, Lands Department
Related
- How to calculate the amount of rates and Government rent payable of a property?
- Why does my demand note still include the rates and Government rent for last quarter even I have paid the amount already?
- How to get a refund if I have overpaid the rates and Government rent?
- How to check the balance of a specific rates and/or Government rent account?
- If I find out after I have purchased a property that the former owner has not settled the Government rent, will I be liable to pay?
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