(a) For commercial leases, the lease terms and applicable automatic extensions are as shown in the following table: ------------------------------------------------------------------------
(1) Each commercial lease If BOEM receives a The SAP must meet
will have a preliminary SAP that satisfies the requirements of
term of 12 months, within the requirements of Sec. Sec.
which the lessee must Sec. Sec. 585.605 through
submit: (i) a SAP; or (ii) 585.605 through 585.613. The SAP/
a combined SAP and 585.613 or a SAP/ COP must meet the
Construction and Operations COP that satisfies requirements of
Plan (COP). The preliminary the requirements of Sec. Sec.
term begins on the Sec. Sec. 585.605 through
effective date of the lease. 585.605 through 585.613 and Sec.
585.613 and Sec. Sec. 585.620
Sec. 585.620 through 585.629.
through 585.629,
the preliminary
term will be
extended for the
time necessary for
us to conduct
technical and
environmental
reviews of the SAP
or SAP/COP.(2) A commercial lease will If we receive a COP The COP must meet
have a site assessment term that satisfies the the requirements of
of five years to conduct requirements of Sec. Sec.
site assessment activities Sec. Sec. 585.620 through
and to submit a COP, if a 585.620 through 585.629 of this
SAP/COP has not been 585.629, the site part.
submitted. Your site assessment term
assessment term begins when will be
BOEM approves your SAP or automatically
SAP/COP. extended for the
period of time
necessary for us to
conduct technical
and environmental
reviews of the COP.(3) A commercial lease will .................... The lease renewal
have an operations term of request must meet
25 years, unless a longer the requirements in
term is negotiated by the Sec. Sec.
parties. A request for 585.425 through
lease renewal must be 585.429.
submitted two years before
the end of the operations
term. If you submit a COP,
your operations term begins
on the date that BOEM
approves the COP. If you
submit a SAP/COP, your
operations term begins on
the earliest of the
following dates: five years
after BOEM approves the SAP/
COP; when fabrication
begins; or, when
installation commences.(4) A commercial lease may .................... NOTE: BOEM may also
have additional time added order or grant a
to the operations term suspension of the
through a lease renewal. operations term, as
The term of the lease provided in Sec.
renewal will not exceed the Sec. 585.415
original term of the lease, through 585.421
unless a longer term is thereby effectively
negotiated by the parties. extending the term
The lease renewal term of the lease.
begins upon expiration of
the original operations
term.------------------------------------------------------------------------
(b) If you do not timely submit a SAP, COP, or SAP/COP, as appropriate, you may request additional time to extend the preliminary or site assessment term of your commercial lease that includes a revised schedule for submission of the plan, as appropriate. [76 FR 64623, Oct. 18, 2011, as amended at 79 FR 21622, Apr. 17, 2014]