OCRET lease terms, rent and beach frontage

Under Decree 126-97 (arts. 5, 6, 9, 11, 25 and 26 checked in the FAOLEX PDF on 2026-08-22): art. 9 sets up to 30 years, renewable, for housing, reforestation, sustainable environmental development, recreation, industry, commerce, livestock, poultry, beekeeping and salt works, and likewise up to 30 years, renewable, for hotels, recreational, social or sporting centers or scientific research facilities; the renewal is “similar to the original lease”, the tenant who applies for it has priority, and the application is filed 6 months before expiry (art. 25). Rent is paid annually and in advance, or with a minimum advance of 20% of the annual installment (art. 11); the tenant may assign only the entirety of the leased property (art. 26); on the coast, housing and recreation are capped at 2,000 m² with a maximum beach frontage of 80 m (art. 6). The “review of use and rent every 5 years” that a studocu summary attributed to the law does not appear in its text. The rent table in art. 10 has yet to be compared with AG 151-2024.

The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.