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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
U.S. 41 Bypass (Venice Bypass) – Forms a Bypass Loop of Venice Island, and the City of Venice. State Road 681 – Venice Connector, this road was formerly the southern terminus of Interstate 75 in the early 1980s. County Road 762 (Laurel Road) – Runs East-West and connects US-41 to I-75 in the Northern Sections of the city.
The story of Venice Army Air Field begins in 1941 when influential citizens in Venice, Florida sent a telegram to the War Department offering 3,000 acres of land near the town of 500 citizens for use as an Army campsite. The War Department responded by sending a military detail to Venice to survey the site.