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Land Lease Opportunities

Under the authority of the WDFN Land Code, the First Nation has the authority to enter into ninety-nine-year lease agreements with developers which may be renewed at any time. Both commercial and residential lease options are available and can be structured as a prepaid capital lease or an annual payment operating lease.

The general leasing process includes:

  1. Developer completes an “Offer to Lease” and submits to the WDFN Lands department for processing.
  2. The “Offer to Lease” is presented to WDFN Chief and Council for consideration and approval. Proof of financing will be required prior to any approvals.
  3. Upon approval, a lease agreement based on the terms of the offer with be drafted for execution by WDFN and the tenant.
  4. During the term of the lease or at the expiration of the lease, the tenant can request to renew to 99 years. An independent appraisal will be commissioned, and a new lease rate will be calculated based on the appraisal.

Chief Whitecap Trail Business Park is a fully serviced park designated for commercial and light industrial uses. 28 acres of land are currently available for development, starting at $150,000 per acre with build to suit options. For additional information, please see the attached listing brochure or visit:

More information on the Chief Whitecap Trail Business Park 

 

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