If the lease, again, is assigned to a new lessee, then that lessee takes over the terms of that equity lease. There may be circumstances, and this would depend on the terms of the lease, where a portion of the equity could be returned. I looked today at a lease where there was a partial refunded equity. There may be, in some cases, partial refunds of equity, but generally speaking, what happens is that, if the equity lease is assigned to a lessee, the new lessee takes over the terms of the equity lease.
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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