The Commission is required to recalculate minimum annual rents every five years for the various surface use lease and permit categories it authorizes. The minimum annual rent applies when the calculated rent is lower than the minimum rent. These rents do not apply to the exploration or extraction of natural resources such as minerals, oil, gas, other hydrocarbons, or geothermal resources.
| Lease Category | Minimum Rent |
|---|---|
| Commercial | $799 |
| Industrial | $799 |
| Right-of-Way | $599 |
| Grazing | $799 |
| Agricultural | $799 |
| Recreational | $167 |
| Public Agency | $167 |
| Protective Structure | $167 |
| Dredging | $167 |
| Other 1 | $167 |
1 The annual rent for marker/speed buoys will be based on the most recent minimum annual rent unless a future appraisal or analysis indicates that the value should differ. The minimum annual rent will be applied for marker/speed buoys regardless of the number of buoys. To avoid double charging, this rent is only applicable to buoys located outside of a clearly defined lease premises where rent was already being charged. The annual rent for marker/speed buoys can be waived for leases with public agencies where there is a significant regional or statewide public benefit.