{"data":{"id":"us/25-cfr-162.422","jurisdiction":"us","citation":"25 CFR 162.422","heading":"How will BIA determine fair market rental for a business lease?","body":"(a) We will use a market analysis, appraisal, or other appropriate valuation method to determine the fair market rental before we approve a business lease of individually owned Indian land or, at the request of the tribe, for tribal land.\n(b) We will either:\n(1) Prepare, or have prepared, a market analysis, appraisal, or other appropriate valuation method; or\n(2) Use an approved market analysis, appraisal, or other appropriate valuation method from the Indian landowners or lessee.\n(c) We will use or approve use of a market analysis, appraisal, or other appropriate valuation method only if it:\n(1) Has been prepared in accordance with USPAP or a valuation method developed by the Secretary under 25 U.S.C. 2214; and\n(2) Complies with Departmental policies regarding appraisals, including third-party appraisals.\n(d) Indian landowners may use competitive bidding as a valuation method.","path":["Title 25—Indians","CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR","SUBCHAPTER H—LAND AND WATER","PART 162—LEASES AND PERMITS","Subpart D—Business Leases"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-25.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:59Z","sha256":"264591b7372c37d6c98cd80dc809bb22e5e3d2180806c4f33442ba26b63d03d2","source_id":"us-cfr","stale":true,"prev":"us/25-cfr-162.421","next":"us/25-cfr-162.423"},"notice":"GroundRules: Original legal text. Not legal advice."}