Essentially an equity lease can be assigned to a new lessee, but we are not currently issuing any new equity leases. If a person has an equity lease, and it has a term to it, that equity lease is assigned. The new lessee would take over that lease and be bound by the terms and conditions. As I say, we are not granting new equity leases.
Louis Sebert on Question 723-18(3): Equity Leases
In the Legislative Assembly on May 27th, 2019. See this statement in context.
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