If you’ve had a lease agreement in place for five years or more, it may be time to initiate a rent review with the resource company operating on your land.
The amount of annual rent paid to landowners may be renegotiated every four years. The review and renegotiation process can be initiated by either the landowner or the company by submitting a Form – 2 Notice for Rent Renegotiation to the other party. Be sure to include details pertinent to the site.
If rent is not renegotiated within 60 days, either party may make an application to the Surface Rights Board (SRB). The application process can be started using SRB Form 1D.
The Farmers Information Service is available to step you through this process and answer questions on the information required.
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