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Joined: Dec 2008
Posts: 6,931
Campfire Tracker
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OP
Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
Anyone here have experience with provincial leases?
I will be taking over a lease in northern SK later this summer and looking for some insight.
The lease is due to be RE-upped in 3 years. I hear they may be expanding the term to 20 years from the current 10 year term.
Anything I should be aware of?
I have all the paperwork and it will be completed later this month. Just looking to educate myself a little more in advance.
Thanks in advance.
Montana MOFO
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Joined: Dec 2008
Posts: 6,931
Campfire Tracker
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OP
Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
No on where has any experience with a cabin on leased provincial land?
Montana MOFO
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Joined: Feb 2007
Posts: 1,268
Campfire Regular
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Campfire Regular
Joined: Feb 2007
Posts: 1,268 |
in BC yes, if they don't renew the lease they pay you out the value of any improvements.
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Joined: Dec 2004
Posts: 2,325
Campfire Regular
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Campfire Regular
Joined: Dec 2004
Posts: 2,325 |
I just spoke with a friend who renewed their lease near LaRonge. The new leases are 20 years ( she may have said 25 , not positive). Good luck with your new place!
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Joined: Dec 2008
Posts: 6,931
Campfire Tracker
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OP
Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
I just received the transfer paperwork. Need to get my signature notarized and shipped off. Then the transfer should be official. Pretty cool to have an ownership interest in a cabin in the bush. Pretty exciting and daunting as well.
Montana MOFO
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