University of Regina terminates main lease agreement with URSU, effective immediately

WATCH: On Friday, the University of Regina announced the termination of the lease agreement with URSU. Mick Favel has the details.

The University of Regina (U of R) has terminated its main lease agreement with URSU, according to an update on social media on Friday.

U of R president Jeff Keshen provided the written statement, noting that the university’s loss of confidence in URSU’s ability to serve and represent students is what led to the lease termination.

This means URSU leadership will be required to vacate the office and commercial space it occupies on university campus, including office space, the multi-purpose room, and the Lazy Owl.

According to Keshen’s statement, the Lazy Owl will remain closed until further notice and bookings for the multi-purpose room will be managed by hospitality services.

“As previously communicated, the University will not be disbursing funds to URSU beginning this Fall semester and has processes in place to ensure core student services (including health and dental benefits, and U-Pass) continue without disruption,” the statement read.

CTV News has reached out to URSU for comment.