Skip to main content

Table of Contents

Return to Title Page

Algonquin Cottage Lot Transfer Fact Sheet

4.0 First Right of Refusal Process

If the Ministry wishes to exercise its first right of refusal, the following steps will occur:

  1. The Ministry will advise the lease or license holders in writing of the intent to exercise first right of refusal and will request a copy of the agreement of purchase and sale agreement from the lease/license holder for consideration of market value.
  2. The Ministry will obtain an appraisal for further consideration and determination of the market value of the improvements (structures) and remaining leasehold interest.
  3. The Ministry will obtain approval for the acquisition and the associated funds.
  4. The Ministry will send a letter to the lease or license holder confirming that the acquisition was approved and the details associated with finalizing the transfer of the lot and associated improvements.