The Sakimay First Nation have implemented a new recreational lot lease structure to 310 tenants along Crooked Lake.
Chief Lynn Acoose said the changes came down to tenants not following rules and regulations when building on their rented properties.
She said rent will still be calculated through a rate review panel for fair pricing.
“There won’t be any change to the way that we establish fair market rent,” Acoose said.
“It will be done through a five year rent review, and that will be conducted by a qualified independent appraiser,” she added.
Chief Acoose said Basadina Property Management will be managing the recreational lands.
“Sakimay Management Authority would hold the head lease, and in-turn would sub-lease to Basadina Property Management and they would issue the sub sub-leases to the tenants,” Chief Acoose said.
Basadina will assume responsibility in January of 2019, and then as current leases expire over the next five years.
Tenants were notified of the change during a recent meeting, where about 160 of the 310 were in attendance.