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ARTICLE · 22 NOVEMBER 2021

Freehold Lessees Facing Increased Risk Of Lease Termination

Borden Ladner Gervais LLP
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Last spring, with the pandemic in full force, through IL-2020-21, the Government of Alberta announced a one-year extension of tenures on Crown leases expiring between March 20, 2020

CanadaReal Estate and Construction
Karen A. Salmon
Karen A. Salmon
Loni da Costa
Loni da Costa
Garrett Finegan
Garrett Finegan
Jasmine Lothian
Jasmine Lothian
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Introduction

Last spring, with the pandemic in full force, through IL-2020-21, the Government of Alberta announced a one-year extension of tenures on Crown leases expiring between March 20, 2020 and March 31, 2021, in recognition of the "multiple challenges currently being faced by the [energy] sector". The one-year extension implemented under section 8 of the Mines and Minerals Act means that any leases issued by the Government of Alberta and expired between the specified dates, were and are automatically extended for one year. In this time of pandemic-related challenges, this has given Crown lessees welcome breathing room in relation to steps required to maintain their leases in good standing and without penalty.

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