Examples of Crown lessee in a sentence
Crown lessee to be deemed of full age (1) Every person who for the time being is the holder of a Crown lease shall, for all purposes in connection with transferring, subletting, mortgaging, or otherwise dealing with the lease, have the same capacity as if he were and shall be deemed of full age.
If the term of a further lease granted under subsection (2) is not longer than the term of the old lease, the Crown lessee may not require the sublessee, the owners corporation or a unit owner to pay any amount for the grant of the further lease that is more than the cost of granting the further lease.
If further leases are granted, the sublessee, owners corporation and unit owners are not liable to pay the Crown lessee for the improvements on the land or part of the land.
The Crown lessee may deduct the amount (up to the prescribed amount) of any expenditure reasonably incurred by the Crown lessee in subleasing the land, or part of the land, under the expired leases to someone else from the amount payable by the Crown lessee under subsection (1) (c).
Crown lessee to be deemed of full age(1) Every person who for the time being is the holder of a Crown lease shall, for all purposes in connection with transferring, s.
Although the 1910 Act did not expressly confer on a Crown lessee the right to exclusive possession - a circumstance on which the Thayorre submission places particular emphasis - that right is the leading characteristic of a leasehold estate, distinguishing the lease from a licence, as Lord Templeman pointed out in Street v Mountford[56].
Arguably, the minimal expectation in British Columbia undermines the objective of increased oil and gas production, as the Crown lessee need only show the presence of an oil or gas pool in a zone to continue the rights to that zone.
The British Columbia Crown lessee does not have to explore for and produce oil or gas to avoid reversion of the rights to a specific zone.
To avoid reversion of the rights, a Crown lessee will have to undertake exploration of the zone to prove up the rights.
To continue the lease at the expiry of the term, the British Columbia Crown lessee must show that there is oil or gas on the lease.