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: TERM OF LEASE
- STEP 3: 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
All lease transfers are reported to the Board after the end of each quarter:
For inquiries regarding lease transfers and transactions, please contact the Lease Administrator at 604-847-2044.