Thank you, Mr. Speaker. Mr. Speaker, a standard residential or recreation lease is the lessee charges a rental 10 per cent of the assessed value of per annum for the life of the lease. An equity lease is under typical residential or recreational equities. The lessee is charged 10 per cent of the assessed value per annum for the first 10 years of the lease and the lessee is usually charged a nominal amount of one dollar for the remaining years on the lease. Thank you, Mr. Speaker.