recreational lease

recreational lease

(1) Separate ownership of recreational facilities at a condominium project or planned unit development, with the owner leasing their use to the residents. (2) Leasing of land for recreational purposes such as hunting, fishing, snow sports, and motor sports. It is a method of keeping land largely natural and still enjoying some sort of income.

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On direct land grants to private sports clubs at nil or nominal premium, the Administration started the private recreational lease policy review in September 2013.
The Home Affairs Bureau will take the lead in conducting the private recreational lease policy review from a sports policy perspective and will involve other concerned policy bureaux and departments as necessary.
In reviewing the private recreational lease policy, we will take into account factors such as sports development needs, land use, site and facilities utilisation, the interests of the lessees and their members, and the wider public interest.
In the course of the review, we will also consider how to ensure an appropriate apportionment of sports and non-sports facilities on private recreational lease sites.
Plum Creek's primary business is timber and with the WMAs that doesn't change," said Donald Wood, Plum Creek's Recreational Lease Manager.
The new model act would extend recreational lease coverage to nonprofit organizations and allow tax abatement as an incentive.
Under the decision, Skokie will sign a Recreational Lease with ComEd for the use of its property for 2 decades with renewal provisions.
GMORR also plans to continue the practice of cabin site leasing for the recreational lease holders on these lands and will evaluate the recreational programs on a regular basis.
The Company has in place or is considering many projects that will provide alternative revenue streams, including revenue generated from solar power leases, power line easements, pipeline easements, wind power easements, recreational leases, flyover rights and road projects.
The fiber resources segment includes the sale of wood fiber and management of our recreational leases.
Franchisees develop and manage recreational leases on private land, creating new income for landowners and new hunting opportunities for the sportsmen.
This fall, TNC will renew the year-to-year recreational leases on the property for the upcoming year.
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