Rents
Under the Crown Land Management Act 2016 (CLM Act), holders of leases, licences, and permits to use Crown land must pay rent. The NSW Government uses fair and transparent methods to determine and redetermine rents based on the type and purpose of the tenure.
Rents are assessed on the land's market value including its zoning and use. Recreational areas are assessed at a lower rate than commercial areas. Leases and licenses are reviewed every 3 to 5 years.
Rebates and concessions
Some tenure holders can get rebates, waivers, or concessions under our financial concessions policy.
Rebates and waivers are not continuous and must be reassessed each time rent is redetermined. Rebates cannot reduce rent below the statutory minimum. More information is available under financial assistance.
Market rent redeterminations
A rent redetermination refers to a change in the rental amount after assessing the market rental value of Crown land. This keeps rental rates in line with the current market. Revenue from market rents supports community spaces, environmental protection, and climate change resilience. Market rent redeterminations are undertaken in accordance with the Section 6.5 of the Crown Land Management Act 2016 by a certified practicing valuer, taking into consideration any restrictions, conditions, or terms to which the tenure is subject.
Improvements made by the holder or owned/purchased by the holder are not considered.
We take into account any increase in value to the owner's other land because of the lease, whether it's already happened or expected in the future, and how long rent will need to be paid.
If rent is reviewed and updated, a Notice of Redetermination of Rent is issued to inform a tenure holder.
Objecting to a market rent redetermination
Tenure holders can challenge a market rent review, unless the rent:
- is at or below the legal minimum
- was set by the Minister
- follows specific tenure rules, or
- comes from a recommendation by the Independent Pricing and Regulatory Tribunal.