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Federal Real Property and Federal Immovables Regulations

Version of section 7 from 2020-06-18 to 2024-06-19:

 A Minister may

  • (a) in an acquisition, agree to pay, in addition to the purchase price of and other consideration for the real property or immovable, any amounts that the Minister may approve in respect of the legal fees and disbursements of the owner of the real property or immovable that are reasonably incurred, and any taxes and other adjustments; and

  • (b) if the completion of an acquisition is unreasonably delayed through no fault of the owner of the real property or immovable, pay interest for the period of the delay at a rate that is not greater than 1.5% above the average accepted tender rate of Government of Canada three month Treasury Bills, as announced by the Bank of Canada on behalf of the Minister of Finance, which tender rate must be the last tender rate to be announced before the day on which the contract was executed or, in Quebec, signed.

  • SOR/2000-254, s. 3
  • SOR/2020-134, s. 7

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