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.
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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:
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Citizens become aware of City-owned real property potentially available for lease through signage, word of mouth, expression of interest, etc.
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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.
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Internal approval process is completed:
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The property is circulated through internal departments to ensure there is no current requirement for municipal needs.
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A review by the Property Leasing Agent is completed to determine items such as duration, zoning, intended use, etc.
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Market Valuation is conducted.
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- 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.
