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Leases



Quota can be leased by one person from another, provided it can be transferred from one valid licence to another. Leased quota is normally transferred back to the original owner at the end of each year, after which it can be leased again. Quantities can be large or small, but normally involve the exchange of leased quota in return for a cash payment.

IQMI will process leases between parties, either directly or through their broker. Steps include:
  • Gathering data on transfer specifics, licenses, quota, species, etc.,
  • Validating each individual transfer with DFO,
  • Generating all necessary DFO paperwork,
  • Confirming transfers with each participant, and
  • Holding funds in escrow until a deal is closed.

In addition to processing, IQMI clients get an active matching service that alerts them when quota that matches what they're looking for appears on the system. IQMI will also actively search for leasing opportunities on behalf of its clients.

Commission-based fees for this service are outlined on our pricing page, and vary according to the size of each transfer and whether IQMI has played the role of lead broker.

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Sign up for our weekly listing updates and get ready to trade or lease quota

Bulletins

24-Jan-2012:
Final Week for Recreational Fishers to Reconcile their 2011 Halibut Quota. IQMI is reminding recreational halibut fishers holding experimental licences that they have through the end of January to reconcile their quota. more

23-Aug-2011:
Access Q™ Service Keeps Recreational Fishers Catching Halibut. Earlier this week DFO announced that the 2011 recreational halibut fishery will close at midnight September 5. more

15-May-2011:
New quota leasing service for recreational stakeholders. IQMI now offers interested recreational stakeholders unprecedented access to halibut quota. Using Access Q™ recreational stakeholders can lease quota by fax, phone and over the Internet. The service has been designed to be convenient, simple to use, secure and confidential. more

Community News

News

10-Apr-06: Groundfish Pilot Integration Proposal Approved.
Loyola Hearn, the Minister of Fisheries and Oceans, approved the three year Pilot Integration Proposal for commercial groundfish fisheries on April 10th of this year ... more		 Links
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