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Leasing

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Property Leasing

The City of Lloydminster actively leases land and property that is not currently required for municipal purposes. Agreements are determined in a fair and ethical manner. All property is leased at fair market value, unless otherwise passed by a Council motion.

Market Value is the probable leasing price of the property in a competitive and open market, as of a given date, and is recognized as the most understandable, transparent, and objective measure of a property’s worth.

Leasing Opportunities with the City of Lloydminster:

  • Farmland (tendered on a 5-year basis)
  • Bare land 
  • Airport Terminal Space 
  • Airport Hangar Bare Land 
  • Facility Space 
  • Downtown Parking Stalls 

Leasing Process:

  •  Citizens become aware of City-owned real property potentially available for lease through signage, word of mouth, expression of interest, etc.

  • Citizen will submit an expression of interest to lease at leasing@lloydminster.ca, with exception of Farmland Leases which are tendered on a 5-year basis.

  •  Internal approval process is completed:

    • The property is circulated through internal departments to ensure there is no current requirement for municipal needs.

    • A review by the Property Leasing Agent is completed to determine items such as duration, zoning, intended use, etc.

    •  Market Valuation is conducted.

  • Negotiations are completed and a final lease is created.
  • A lease agreement may be executed which shall include all supporting documents required by the City, including but not limited to, valid Certificate of Insurance.

 

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© 2023 City of Lloydminster, 4420-50 Avenue, Lloydminster, AB/SK T9V 0W2, Phone: 780-875-6184, Fax: 780-871-8345, Email: info@lloydminster.ca

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