Wasausink Lands Inc.


LEASE AGREEMENT EXAMPLE

Note: Both the Lease Agreement and the Amendment to the Lease are for sample purposes only


THIS INDENTURE, made in quadruplicate this 	 the day of , in
the year of our Lord, One Thousand Nine Hundred and Ninety-______.

BETWEEN:
           WASAUSINK LANDS INC., a Company incorporated
                under the laws of the Province of Ontario, having 
                its head office at the Parry Island Indian
                Reserve No. 16, in the District of Parry Sound,

                hereinafter called "Wasausink" or the LESSOR,

                                           OF THE FIRST PART;

                           - and -

                hereinafter called the LESSEES,

                                           OF THE SECOND PART;
WHEREAS the land hereinafter described is part of those lands set apart
for the use and benefit of the Parry Island Band of Indians known as 
Parry Island Indian Reserve No. 16;
AND WHEREAS the Council of the Parry Island Band of Indians
has, by Resolution dated the 29th day of March, A. D. 1974, consented to 
the leasing of the land hereinafter described.

AND WHEREAS the Council of the Parry Island Band of Indians
has, by Resolution dated the 29th day of March, A. D. 1974, authorized
Wasausink to lease the lands hereinafter described.
NOW THEREFORE THIS INDENTURE WITNESSETH THAT Wasausink,
for and in consideration of the rent, stipulations, terms and conditions
hereinafter expressed and contained on the part of the Lessees to be
respectively paid, observed, performed, fulfilled and abided by, has 
demised and by these presents does demise and lease unto the Lessees, 
All and Singular that certain parcel or tract of land situate and lying
within and being part of Parry Island Indian Reserve No. 16, in the 
Province of Ontario, and which is more particularly described as follows:
the whole of Lot           (       ) according to Plan Number     (   )
in the Indian Affairs survey records at Ottawa, a copy of which is 
registered under Miscellaneous No. 22, in the Registry Office for the
District of Parry Sound at Parry Sound, said lot containing by 
admeasurement Forty-three One Hundredths (0.43) of an acre, more or less.
TO HAVE AND TO HOLD, the said demised land for and during
the term commencing the first day following January 31, 1965, the 
termination of the present lease of the said demised lands between the 
Lessee and Her Majesty Queen Elizabeth II, that is the 1st day of February,
1965 and to be fully complete and ended on the last day of April, 2012.

YIELDING AND PAYING, therefor in each year of the term of
this lease, if such be the case, prior to May 1, 1974 the sum of $250.00;
in each year of the term of this lease, if such be the case prior to May 1,
1977 the sum of $325.00; in each year of the term of this lease prior to 
May 1, 1981 the sum of $400.00; such rental to be paid in advance on or
before the 1st day of May in each year.
		YIELDING AND PAYING, yearly in each year of the remaining
years of the term of this lease unto Wasausink the rental as hereinafter
set forth, payable in advance on the first days of February, May, August
and November in each of the said years.  The annual rental for the period
from May 1, 1981, to April 30, 1986 shall be the annual fair market rental
as of May 1, 1981 hereinafter determined.  The annual rental for the period 
from May 1, 1986 to April 30, 1991 shall be the annual fair market rental
as of May 1, 1986 hereinafter determined.  The annual rental for the period
from May 1, 1991 to April 30, 1996 shall be the annual fair market rental
as of May 1, 1991 hereinafter determined.  The annual rental for the period
from May 1, 1996 to April 30, 2001 shall be the annual fair market rental
as of May 1, 1996 hereinafter determined.  The annual rental for the period
from May 1, 2001 to April 30, 2006 shall be the annual fair market rental
as of May 1, 2001 hereinafter determined.  The annual fair market shall be
determined exclusive of any improvement of the demised lands and any
buildings and other things erected or placed thereon by the Lessee, his
successors or assigns.  Provided that the annual fair market rental shall
not, in any case, be less than the rent for the previous year.  Wasausink
may agree with the Lessee as to the fair market rental.  In the event that
the parties hereto fail to reach agreement as to such fair market rental,
prior to May 1 in each of 1981, 1986, 1991, 1996, 2001, and 2006 then the
same shall be determined by arbitration pursuant to the term of the
Arbitration Act, R.S.O. 1970, Chapter 25 as amended from time to time.
Such arbitration shall be conducted by a single arbitrator agreed upon by
both parties.  If the parties fail to agree upon a single arbitrator by the
thirty-first day of May 1981, 1986, 1991, 1996, 2001, and 2006 then each
party shall, not later than the fifteenth day of June in each of the said
years, nominate an arbitrator.  The two nominees shall forthwith nominate a
third arbitrator to act as chairman and the arbitration shall thereupon be
conducted with all due despatch by the three arbitrators thus selected.
Until the final determination of the rental payable in accordance with this
paragraph the Lessees shall continue to pay rental at the rate applicable to
the immediately preceding period for which the rental had been determined in
accordance with this agreement and upon determination of the proper rental
pursuant to this paragraph the amount paid by the Lessees shall be adjusted
in accordance with such determination.

IN THE EVENT, that the lease herein provided commences at a
date later than the day following the termination of any lease between the
Lessees and Her Majesty the Queen with respect to the demised lands, the
Lessees shall be deemed to be a tenant at will of the demised land 
throughout such intervening period and shall be liable to pay rental with
respect to such intervening period on the basis of the annual rental 
provided herein applicable to the first year of the term of this lease less
any rental which may have already been paid to Her Majesty or to the Council
of the Parry Island Band of Indians with respect to such period.

The rent in all cases to be free and clear from any
deduction, defalcation or abatement for or in respect of all taxes, rates,
duties and assessments, and of and from all impositions of every nature and
kind whatsoever, such rent to be paid to the Lessor at its head office on the 
Parry Island Indian Reserve or by mailing the same to Wasausink Lands Inc.,
P.O. Box 253, Parry Sound, Ontario.
1.		The Lessees shall pay or cause to be paid the said yearly
rent in the manner and on the days and times hereinbefore appointed for the
payment thereof.
2.		Upon the final determination of the fair market rental as of
the first day of May, 1981, 1986, 1991, 1996, 2001 and 2006, if the Lessees
are unwilling to continue the lease at such rental they may within six 
months after such final determination elect to surrender the said lease by
giving written notice thereof to Wasausink.
3.		The Lessees or other occupants will not operate on the said
demised land any form of commercial venture and will not do, or suffer to be
done thereon, any act or thing that may annoy or disturb other persons on the 
said Indian Reserve.
4.		The demised land shall be used for one summer cottage only
and appurtenant outbuildings and shall not be used for permanent residence by 
the Lessees or other occupants during the period from October 31st to May 1st 
following in each and every year; occasional use being at all times permitted 
during the said period.
5.		PROVIDED THAT, the Lessees may assign or sublet the
hereinbefore demised land under the following conditions:
(i)	That the Lessees shall not, during the said term, without prior
written consent of the Lessor had and obtained, such consent not to be
unreasonably withheld, transfer, assign, or sublet or license of occupation
the demised land or any part thereof, or otherwise by any act or deed procure 
the said land or any part of the said land to be transferred or assigned for
the whole or any part of the said term, except that the Lessees may sublet 
for a period or periods not to exceed in the aggregate, six months in any one 
year, without such consent or notice, provided that the Lessees shall remain 
fully responsible for the terms and conditions hereof during the period of 
such subletting, and providing that the Lessees shall give notice to 
Wasausink of the name and period of occupancy of any such sublessee.
(ii)	That each and every transfer, assignment, sublease, or license of 
occupation granted shall be subject to all of the terms and conditions of 
this lease.
(iii)	That each and every transfer, assignment, sublease or license of 
occupation shall be submitted by the Lessees to Wasausink for registration.
(iv)	The Lessees may pledge, mortgage or otherwise grant security on his 
lease hold interest herein PROVIDED THAT the written consent of the Lessor is 
first had and obtained, such consent not to be unreasonably withheld.

(v)	That, if at any time during the continuance of the term hereby 
granted the Lessees be permitted to assign the demised land for the remainder 
of the term or any part thereof, the rent for the year of the term in which 
the assignment takes place shall be increased by the sum of One Hundred 
Dollars Dollars ($100.00), and shall accompany any request for consent to 
assignment and shall be made payable to Wasausink Lands Inc.
6.		PROVIDED THAT, the Lessees shall pay and discharge all taxes, 
rates, duties, and assessments whatsoever now charged or hereafter to be 
charged upon the said demised land or upon the said Lessees or occupiers in 
respect thereof or payable by either in respect thereof.
7.		PROVIDED THAT, if the Lessees shall, at any time during the 
term 		thereof:
(a)	file a petition in bankruptcy or make an assignment for the benefit 
of the creditor;

(b)	be adjudicated a bankrupt or insolvent;
(c)	file any petition or institute any proceeding under any bankruptcy or 
insolvency act seeking to effect reorganization or a composition;

(d)	have the leasehold estate created hereunder seized in execution or by 
a process of law and not released within thirty (30) days from the date of 
such seizure provided that the delivery of a Writ of Execution or a Writ of 
Extent to a Sheriff shall not be considered a seizure for the purpose of this 
provision; or
(e)	be subject to the appointment of a receiver or trustee who is not 
discharged within sixty (60) days from the date of such appointment;
(f)	fail to pay the rent reserved hereunder within thirty (30) days after 
being payable, whether formally demanded or not;
(g)	default in the performance of any of the terms and conditions herein 
contained;   it shall be lawful for Wasausink, without notice, to declare
the term ended and this lease terminated and thereupon these presents and
everything herein contained and the estate or term shall absolutely cease, 
determine and be void without re-entry or other act or any suit or legal 
proceedings to be brought or taken, provided that Wasausink shall 
nevertheless be entitled to recover from the Lessees the rent then accrued, 
or accruing and moreover that any right of action by Wasausink against the 
Lessees in respect of any right for action by Wasausink against the Lessees 
in respect of any antecedent breach of any of the covenants, provisos, 
stipulations or conditions in this lease shall not be thereby prejudiced.
8.		PROVIDED THAT,  if the Lessees make any assignment for the 
benefit of their creditors or to take the benefit of any act that may be in 
force for bankrupt or insolvent debtors, or permit any Writ of Execution 
against their goods and chattels to be issued or remain in force after the 
first day of January in any year of the term hereby granted, the installment 
of rent payable on the next ensuing anniversary date shall then imediately 
become due and payable and the term hereby granted will immediately become 
forfeited and void.

9.		PROVIDED THAT, if the Lessees vacate the said demised land 
leaving and rent owing and unpaid, it will be lawful for Wasausink to seize 
and sell the goods and chattels of the Lessee.
10.		PROVIDED THAT, the Lessees shall during the term of this 
lease, at their own expense, promptly observe, perform, execute and comply 
with all applicable laws, rules, requirements, orders, directions, ordinances 
and regulations of every Federal, Provincial or Municipal authority or agency 
concerning the demised land and buildings or other improvements constructed 
therein and thereon, provided that the Lessees shall have the right to 
contest the validity of such laws, rules, requirements, orders, directions, 
ordinances, and regulations, if proceedings relating thereto are commenced 
before the expiration of sixty (60) days after the Lessee has first been 
notified of any breach of such laws, rules, requirements, orders, directions, 
ordinances or regulations, the Lessees shall indemnify and holds harmless 
Wasausink from all loss, damage, cost and expense suffered by Wasausink, by 
reason of the Lessees undertaking such proceedings and that the Lessees will 
conduct such proceedings after the commencement thereof expeditiously and 
with all reasonable diligence.
11.		THAT, the Lessees must, unless otherwise agreed in writing, 
construct buildings on the demised land, not including boat houses at the 
shoreline, PROVIDED THAT if such building is undertaken, the aggregate floor 
area of the main building on the said lot shall not be less than 480 square 
feet and of a minimum market value of $10.000; PROVIDED FURTHER THAT the 
Lessees covenant that all buildings to be erected, altered, remodelled, or 
replaced in terms hereof, shall be constructed in accordance with the 
standards laid down by the National Building Code of Canada and the Fire 
Safety Standards as laid down by the Federal Government from time to time and 
to date of construction, and that the Lessees shall have prior written 
approval from Wasausink before undertaking any such construction, such 
approval not to be unreasonably withheld.
12.		PROVIDED THAT, all residential buildings shall be supplied 
with a flush toilet and septic tank or other sanitary waste disposal system 
which conforms to the specification of the Parry Sound Health Unit.
13.		PROVIDED THAT, at the expiration, or other sooner termination 
of the term, the Lessee will peaceably surrender and yield up unto the Lessor 
the demised land with the appurtenances, together with all the fixtures made 
by the Lessees therein and thereon, in good and substantial repair and 
condition, reasonable wear and tear and damage by natural disaster only 
excepted; and further that the Lessees will have the right with the consent 
of and under the supervision of the Lessor's representative to remove any 
buildings erected by him on the demised land, provided that if they are not 
so removed within reasonable time, and in any event within six (6) months, 
following the expiration of the lease, they shall revert to and become the 
property of Wasausink, free from all claims by the Lessees whatsoever.
14.		PROVIDED THAT, the Lessees shall keep the demised land in a 
condition satisfactory to the Lessor's representative and the said 
representative may order the Lessee to repair or paint any building on the 
demised land if, in his opinion, reasonably held, it requires painting or 
repairing and on receipt of such order, the Lessees will forthwith make the 
required repairs or do the required painting and that it will be lawful for 
the Lessor's representative to enter the said demised land, at all reasonable 
times during the said term, to examine the condition thereof.

15.		PROVIDED THAT, where a nuisance exists, the Lessor may order 
the Lessees or occupiers of the demised land to abate the nuisance and to 
clean up the demised land; and if the Lessees or occupier fails to do so, the 
said representative may take whatever steps may be necessary to abate the 
nuisance and the Lessees shall be liable for the cost thereof and the same 
maybe collected in the same manner as other debts due to the Lessor.
16.		PROVIDED THAT, without, in any way, restricting the provision 
of the preceding section, no rubbish or any matter of an offensive nature 
shall be deposited anywhere on the said Indian Reserve except in such places 
and at such time and under such conditions as may be designated by the 
Lessor, an such places to be maintained by the Lessor in a safe, sanitary 
condition, in accordance with all municipal and provincial regulations with 
respect thereto, from time to time, in force.
17.		PROVIDED THAT, the Lessees shall be responsible for the 
up-keep of all fences which are or may be erected on the demised land and on 
termination of this lease, any fence so erected shall revert to and become 
the property of Wasausink without any claim for allowance or payment in lieu 
thereof.
18.		PROVIDED THAT, the Lessees, well and truly paying the said 
yearly rent hereby reserved and observing and performing the covenants herein 
contained, will quietly and peaceably hold and enjoy the demised land, with 
the appurtenances, during the said term, without any disturbance whatever by 
the Lessor.
19.		PROVIDED THAT, the Lessor reserves the right to drill for, 
remove and dispose of the petroleum and natural gas in the said land and for 
that purpose to drill wells, lay pipe lines and build such tanks, stations 
and structures as may be necessary and in the lawful exercise of any of the 
rights hereby reserved, provided, however, that if pursuant to the Indian Oil 
and Gas Regulations the Lessor grants leases or permits for well sites, 
roads, pipe lines, storage tanks and other buildings or structures required 
in the drilling for, removal and disposal of petroleum and natural gas, then 
for the acreage taken for such leases or permits, the Lessee herein will be 
paid full and fair compensations and that the said compensation shall be in 
full and final satisfaction of all claims arising from the exercise of the 
right aforesaid by the Lessor.
20.		PROVIDED THAT, the Lessees at all times hereafter, shall 
indemnify and hold harmless the Lessor against all actions, claims and 
demands that may be lawfully brought or made against the Lessor by reason of 
the rights hereby granted.
21.		PROVIDED THAT, if, during the term of this lease, any 
mechanics' or other liens for work, labour, services or materials be filed in 
respect of or attach the demised premises or any portion thereof or to any 
buildings or other improvements erected therein or thereon, the Lessees, 
shall indemnify and hold harmless the Lessor from all costs incurred thereby 
and all claims, demands, and actions, at law or in equity arising or which 
might arise out of such mechanics' or other liens.
22.		PROVIDED THAT, no waiver on behalf of the Lessor of any 
breach will take place or be binding unless the same be expresses in writing 
over the signature of the Lessor's representative, and any waiver so 
expressed will extend only to the particular breach to which such waiver will 
specifically relate and will not be deemed to be a general waiver or to limit 
or affect the rights of the Lessor with respect to any or other future 
breach.
23.		PROVIDED THAT, the Lessees and their invitees shall have the 
right of ingress and egress without charge to and from the demised land, and 
such areas as may be designated for public use, over reserve roads in 
accordance with Parry Island Band Council Resolutions, and such roads to be 
maintained by the Lessor in a safe, reasonable condition.
24.		PROVIDED THAT, the Lessees will at the commencement of and 
during the said term:
(a)	Take out and maintain public liability insurance in the minimum 
amount of not less than Twenty-five Thousand Dollars ($25,000.00) and in a 
form satisfactory to Wasausink, whereby the Lessee and Wasausink are 
indemnified against legal liability incurred in respect of the death or of 
injury to persons or of the loss of or damage to property caused or 
attributable to the possession, use or occupation of the demised land with 
loss payable to the Lessees and to Wasausink as their respective interests 
may appear;
(b)	Take out and maintain fire insurance for a reasonable amount and in a 
form satisfactory to Wasausink, whereby the Lessees are indemnified against 
loss by fire or other insurable causes of property damage of the demised land 
and the cost of needed restoration of the demised land and buildings erected 
therein and thereon and as a result of such causes with the insurance 
proceeds payable to the Lessee.  In the event of total loss or substantial 
damage to any structure on the demised land, the Lessees may elect to 
reconstruct or repair the structure or surrender this lease upon restoring 
the demised land to a condition satisfactory to Wasausink's representative, 
such election to be made within sixty (60) days of such loss; if the Lessees 
elect to surrender this lease such restoration shall be made by October 31st 
following the loss or within thirty (30) days of such election, whichever is 
the later; and 
(c)	Shall produce upon request, evidence satisfactory to Wasausink of the 
policies and payment of premiums therefor relating to the insurance called 
for in paragraphs (a) and (b).
25.		PROVIDED THAT, if the Lessees hold over after the expiration 
of the term of this lease without any further written agreement, the tenancy 
thereby created shall be a tenancy from month to month which may be 
terminated at any time after the creation by Wasausink, and during the 
tenancy, a monthly rental at the rental rate for the previous year shall 
become due and payable, and the said tenancy shall be subject to all the 
terms and conditions contained so far as the same are applicable to such 
tenancy.
26.		PROVIDED THAT, whenever in this lease it is required or 
permitted that notice or demand be given or served by either party to the 
lease to or on the other, such notice or demand shall be given or served in 
writing and forwarded by registered mail, addressed as follows:

	TO THE LESSOR:		Wasausink Lands Inc.
					P.O. Box 253
					Parry Sound, Ontario


	TO THE LESSEE:		
Such address may be changed from time to time by either party serving notice 
as provided.

27.		WHEN, the Lessees are not in default hereunder, they may 
surrender this lease unto the Lessor, provided that the Lessees give six (6) 
months' written notice of their intention to surrender this lease prior to 
the anniversary hereof in any year.
28.		PROVIDED THAT, should the Lessor decide at the expiry of the 
term, upon the advice of the Council of the Parry Island Band of Indians, 
that the interests of the Band shall be best served by continuing to lease 
the demised land under such terms and conditions as the Lessor deems 
suitable, the Lessees of record shall have the right of first refusal of such 
offer to lease.  PROVIDED HOWEVER that in the event that it is decided that 
the said land shall no to be available for cottage lease purposes at the 
expiration of the term herein created, it its agreed that the Lessees shall 
be given not less than twelve (12) months notice of such intention.
29.		Time will be of essence.
30.		The Lessees shall have access for vehicles to Parry Island by 
a bridge connecting Parry Island to the mainland road system at Rose Point, 
at no cost to the Lessees.  The Lessor shall be responsible for maintaining 
and repairing said bridge or causing the same to be maintained or repaired in 
a reasonable and safe state of repair.
31.		The said demised land may only be used for camping during the 
period of construction of a cottage on the said demised land.

32.		The Lessor shall cause the main road connecting the Rose 
Point Bridge to the Parry Island Marina, located to the south west of Lot 
Number 1, to be kept clear of snow at all times.
33.		This lease is subject to the terms, conditions and covenants 
of the Head Lease executed between the Corporation and Her Majesty, 
registered as Number X024681 in the books of the Indian Land Register at 
Ottawa.  The Lessor covenants and agrees to observe ad perform all its 
covenants contained in the said Head Lease and to keep that lease in good 
standing.

34.		This lease will enure to the benefit of and is binding upon 
Wasausink, its successors and assigns, and failing it, the Parry Island Band, 
and the Lessee, his heirs, executors, administrators and assigns.
		AND IT IS FURTHER AGREED, that this lease shall be subject to 
the provisions of the Indian Act and regulations established hereunder which 
may now be in force or which may hereafter be made and established from time 
to time in that behalf by the Governor in Council.

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