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Federal Real Property and Federal Immovables Regulations

Version of section 3 from 2007-02-22 to 2020-06-17:

  •  (1) These Regulations do not apply in respect of

    • (a) expropriations of real property by Her Majesty; and

    • (b) dispositions, other than by lease or easement, if the whole of the purchase price or other consideration is not received by Her Majesty at or before completion of the disposition.

  • (1.1) Despite paragraph (1)(b) and the fact that the whole of the purchase price or other consideration is not received by Her Majesty at or before completion of the disposition, these Regulations apply in respect of dispositions of federal real property by Her Majesty to a Crown corporation, within the meaning of subsection 83(1) of the Financial Administration Act, whose instrument of incorporation specifically limits its activities or businesses to the purposes and objectives of acquiring, purchasing, leasing, holding, improving, managing, exchanging, selling, turning into account or otherwise dealing in or disposing of real or personal property or any interest therein.

  • (2) Sections 7 to 10 do not apply in respect of leases, surrenders of leases and acceptances of surrenders of leases.

  • SOR/2000-254, s. 1
  • SOR/2007-43, s. 1
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