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Moffat Tunnel – leased to Union Pacific Railroad by the state of Colorado under a 99-year lease until 2025. [5] A lease extension of 25 years was agreed to after the initial 99 years expired. [6] [7] Ontario Highway 407 Express Toll Route – leased to private company by the Ontario provincial government under Premier Mike Harris for C$3.1 ...
Golden Checkerboard (1965) is a book by Ed Ainsworth [nb 1] about the mid-20th century economic conditions of the Agua Caliente Band of Cahuilla Indians of Palm Springs, California and the history of the 99-year lease law, which enabled them to commercially develop tribal-owned lands.
Since 2015 after the Donbas and Crimea invasion Russia agreed to lease 300,000 hectares to China for 50 years for $449 million US dollars. The lease can be extended in 2018 if the first stage from 2015 to 2018 was successful. Russia needed the Chinese funds to replace a shortfall caused by international sanctions.
Under British law at the time, a 99-year lease was the maximum allowed for the lease of land. The territories which were leased to the United Kingdom were originally governed by Xin'an County, Guangdong province. Claude MacDonald, the British representative during the convention, picked a 99-year lease because he thought it was "as good as ...
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.
Leaseholders have a right after two years to extend a lease with less than 99 years to run and reduce ground rent to a "peppercorn", i.e. close to zero, but developers have thwarted this with costly leases of more than 150 years that make the valuation – based on the ground rent and term – beyond the reach of leaseholders, and sell the ...
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