Thank you, Mr. Speaker. Mr. Speaker, for existing leases, the GNWT must comply with the terms of those leases. So our standard lease agreement does not include any early termination clauses. Under our standard lease agreement, an existing landlord may assign the lease to a buyer as long as the buyer honours the existing terms and condition of the lease until it expires.
So there is an option for NWT landlords to purchase buildings with existing leases in place. Infrastructure is in a position, however, to procure new lease space when there is a need for commercial office space that has been identified either at the expiry of the existing lease or when a new program is established. If the GNWT was approached with the request to negotiate a lease at this time, Infrastructure, yes, would prepare a recommendation for Executive Council's consideration.
This recommendation, again, would take into account many things, such as including supporting the priorities of this 19th Assembly, such as maximizing economic development benefits to Northerners and also, again, supporting Indigenous businesses. Thank you, Mr. Speaker.