sec.122General conditions of particular leases

sec.122 General conditions of particular leases

A part 10 lease, other than a townsite lease, may include any of the following conditions— a stated standard terms document under the Land Title Act forms part of the lease; the lease must not be transferred without the lessor’s prior written consent; an interest under the lease, other than a mortgage of the lease, must not be created without the lessor’s prior written consent. If a part 10 lease includes a condition mentioned in subsection (1) (b) or (c) , the lessor must not unreasonably withhold consent to the transfer or the creation of an interest under the lease. A part 10 lease may be mortgaged without the consent of the lessor. Subject to subsection (3) , this section does not limit the conditions that may be imposed on a part 10 lease. s 122 ins 2011 No. 26 s 61 sub 2014 No. 45 s 12 (sec.122-ssec.1) A part 10 lease, other than a townsite lease, may include any of the following conditions— a stated standard terms document under the Land Title Act forms part of the lease; the lease must not be transferred without the lessor’s prior written consent; an interest under the lease, other than a mortgage of the lease, must not be created without the lessor’s prior written consent. (sec.122-ssec.2) If a part 10 lease includes a condition mentioned in subsection (1) (b) or (c) , the lessor must not unreasonably withhold consent to the transfer or the creation of an interest under the lease. (sec.122-ssec.3) A part 10 lease may be mortgaged without the consent of the lessor. (sec.122-ssec.4) Subject to subsection (3) , this section does not limit the conditions that may be imposed on a part 10 lease.

• (a) a stated standard terms document under the Land Title Act forms part of the lease;
• (b) the lease must not be transferred without the lessor’s prior written consent;
• (c) an interest under the lease, other than a mortgage of the lease, must not be created without the lessor’s prior written consent.