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In some countries (such as Singapore) land reform legislation has resulted in most or all land being owned by the state and leased to users, which often takes the form of a 99-year lease. In this case, the lease is often transferable and treated as essentially equivalent to ownership, at least to the extent that it is the main way in which one ...
A land lease, also known as a ground lease, is an arrangement in which a landowner (the lessor, in legal terminology) rents out the land to a tenant (or the lessee).
In such cases, sovereignty is, for the term of the lease, transferred to the lessee State." [2] The term "international lease" is sometimes also used to describe any leasing of property by one state to another or to a foreign national, but the normal leasing of property, as in diplomatic premises, is governed by municipal, not international ...
Freeholding lease – after approval is granted, convert a lease to freehold, and the lessee pays the purchase price in installments. This is an interim tenure; freehold title is not issued until all purchase costs have been paid. All land in the Australian Capital Territory (ACT) is leasehold, issued with 99-year leases.
It was a way of avoiding the Statute of Enrolments which required enrolment of a bargain and sale. A lease , in fact being a bargain and sale upon some pecuniary consideration for one year or some other nominal term, is made by the bargainor of a whole freehold (with no fetter on alienation ) to a lessee who is in fact the bargainee (buyer ...
The land lease would be renewable, inheritable and transferable with conditions to ensure the homes, if resold, would remain affordable and occupied by Lahaina residents in perpetuity.
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