D.C. Mun. Regs. tit. 9, § 526
[Reserved]
Authority: Section 317 of the District of Columbia Deed Recordation Tax Act of 1962, approved March 2, 1962, as amended (76 Stat. 11; D.C. Official Code § 42-1117 (2012 Repl.)); Section 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989, effective September 9, 1989 (D.C. Law 8-20; 36 DCR 4564 (June 30, 1989)); Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act, approved October 16, 2006 (120 Stat. 2019, Pub.L. 109-356; D.C. Official Code § 1-102.24d (2012 Repl.)); and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000. Source: Final Rulemaking published at 36 DCR 8653 (December 29, 1989); as amended by Final Rulemaking published at 61 DCR 4717 (May 9, 2014).District of Columbia, Office of the Secretary
526 LEASES
526.1 A lease for more than ninety-nine (99) years shall be treated as a fee for purpose of this chapter.
526.2 For the purpose of determining the length of a lease term, options to renew shall be included.
526.3 Consideration for a lease in excess of ninety-nine (99) years shall be the amount of the assessed value of the property at the date of the transaction.
SOURCE: Final Rulemaking published at 36 DCR 8653, 8663 (December 29, 1989).