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27 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-eight - Public Lands/
  5. Part I - Lands Generally; Mines/
  6. Chapter 1 - Sale or Lease of Public Lands § 1 - Conveyance of Real Property—by Commonwealth to Public Instrumentality or Authority/
  7. 27
Puerto Rico Legal Code

27

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The lease contracts shall be executed for a period which shall not exceed six (6) months on the basis of an annual rental which shall not be less than 5% of the estimated value of the property and they shall not be renewable. It shall be an expressed condition of the lease that no improvements of permanent character shall be carried out on the lands to be leased and, with respect to the lease, they may not be granted for commercial purposes. When submitting the contracts to the consideration of the Planning Board, there shall be indicated through a written statement the use and/or temporary constructions to be made by the lessees. History —May 25, 1973, No. 35, p. 101, § 2.