S.L. 573.15 Art. 10Amount of ground rent or agricultural lease. 

(1) In the case of an agricultural lease granted on agricultural land in accordance with regulation 4(1), the amount of the annual rent shall be in accordance with the rates for agricultural leases as established by the Authority.

(2) In the case of an emphyteutical concession granted on land for agricultural purposes in terms of regulation 4(2), the amount of the annual ground rent due shall be in accordance with the rates for agricultural purposes as established by the Authority.

(3) In the case of an emphyteutical concession granted on any other land in accordance with regulation 4(3), the annual amount of ground rent shall be equivalent to two per cent (2%) of the open market value of the land free and unencumbered according to its recognised use and this annual ground rent amount shall be revised upwards every ten (10) years at the rate of ten percent (10%).

(4) The free and unencumbered value of land on the open market granted by emphyteutical concession in accordance with the preceding sub-regulation shall be determined by means of an expert valuation in accordance with article 79 of the Act:

Provided that any enhancements or improvements made on the land during its occupation by the recognised emphyteuta shall not be taken into account in determining the free and unencumbered value of the land on the open market.