Thank you, Mr. Speaker. Equity leases were leases that were entered into between the Government of Northwest Territories and individual residents on Commissioner's land. Essentially the lease set out a program of payment which enabled the lessees, the individuals, to make up-front larger payments of the lease amount and then a nominal amount through the term of the lease. I must say that there are many interpretations as to what rights that gave the lessor and lessees. Thank you.
Louis Sebert on Question 906-18(2): GNWT Land Lease Rates
In the Legislative Assembly on September 28th, 2017. See this statement in context.
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