ASSIGNMENT OF LEASE - CULTUS LAKE PARK PROCESS AND PROCEDURES

 

As part of our commitment to provide professional documents and excellent customer service with the lease transaction process, the following are requirements for purchasing and/or selling residential leasehold property within the Park:

  • STEP 1: DETERMINE THE TYPE OF APPLICATION
  • STEP 2: COMPLIANCE INSPECTION
  • STEP 3: TERM OF LEASE
  • STEP 4: APPLICATION DOCUMENTS

The Lease & Assignment Information form (below) provides full details for the above steps as well as Estate Assignments, General Assignments (between family members, seller and purchaser, lessee and financial institution) and Filing a Charge/Lien/Interest and Entering into a New Lease Term. 

ALL PURCHASE AGREEMENTS SHOULD PROVIDE A MINIMUM OF 2 WEEKS PROCESSING TIME BETWEEN SUBJECT REMOVAL AND COMPLETION TO FACILITATE FINANCING AND LEASE ASSIGNMENTS.

In accordance with Cultus Lake Park Board motion 1695-09, a leaseholder may only be registered on one lease, except in specific circumstances.

APPLICATIONS, SAMPLE LEASES AND OTHER RELATED FORMS

Lease Transfers

All lease transfers are reported to the Board after the end of each quarter:

First Quarter 2012                 First Quarter 2013                  First Quarter 2014            First Quarter 2015        First Quarter 2016                 

Second Quarter 2012            Second Quarter 2013              Second Quarter 2014        Second Quarter 2015     Second Quarter 2016

Third Quarter 2012                Third Quarter 2013                 Third Quarter 2014           Third Quarter 2015   

Fourth Quarter 2012              Fourth Quarter 2013              Fourth Quarter 2014          Fourth Quarter 2015

Lease Services

For inquiries regarding lease transfers and transactions, and building permit applications, development variance applications and building services, please contact the Lease Administrator at 604-847-2044.