S.L. 573.13 Art. 5Computation of ground rent.

(1) Fuel stations are typically composed of a forecourt, with relative above-ground filling areas and sales area, complimented by below ground fuel storage tanks and pipework. The proposed rates for the computation of the total annual ground rent, which are based on standard rates for encroachment permits, are as follows:

(a) above ground areas (including forecourt, footprint of buildings, and filling areas): forty-six euro per square metre every year (€46/sq.m./annum)

(b) below ground areas (including storage tanks, water separators, and pipework): twenty-three euro per square metre every year (€23/sq.m./annum):

Provided that in the case of buildings which include basements and/or upper levels, only the footprint of the largest level shall be taken into consideration, and this at the higher rate of forty-six euro per square metre every year (€46/sq.m./annum):

Provided further that canopies and other shading structures shall not be construed as built-up areas.

(2) If the amount of the current concession, lease or encroachment permit exceeds the ground rent computed as proposed in these regulations, then the current rate shall be retained in the new emphyteutical deed:

Provided that in no case, shall the new amount exceed three (3) times the value of any current concession, lease or encroachment permit.

(3) The ground rent shall become payable from the date of the signing of the deed and shall be payable in two equal instalments every six (6) months in advance.

(4) Over the fifty (50) year concession the ground rent shall increase by ten percent (10%) every five (5) years pro tempore.