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President Roosevelt signs the Lend-Lease bill to give aid to Britain and China (March 1941). House of Representatives bill # 1776, p.1. Lend-Lease, formally the Lend-Lease Act and introduced as An Act to Promote the Defense of the United States (Pub. L. 77–11, H.R. 1776, 55 Stat. 31, enacted March 11, 1941), [1] [2] was a policy under which the United States supplied the United Kingdom, the ...
The company was established as Lendlease by Dick Dusseldorp [3] in 1958 to provide finance for building contracts being undertaken by Civil & Civic.In 1961, the company acquired Civil & Civic from Bredero's Bouwbedrijf.
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.
Generally, the lease terms were 75 years renewable for a further 75 years or 99 years renewable for a further 99 years. However, sharp increases in property rents in the early 1970s gave rise to strong opposition from leaseholders to the payment of the full market rental value of the land, as required by the lease conditions, for the renewal term.
Foreigners cannot buy and own land, like in many other Southeast Asian countries. Instead, the land is collectively owned by all Vietnamese people, but governed by the state. As written in the national Land Law, foreigners and foreign organizations are allowed to lease land. The leasehold period is up to 50 years. [20] [21]
In Roman law, ground rent (solarium) was an annual rent payable by the lessee of a superficies (a piece of land), or perpetual lease of building land. [5] In early Norman England, tenants could lease their title to land so that the land-owning lords did not have any power over the sub-tenant to collect taxes.
The US Consulate had an option to buy the plot as a freehold in its 1950 lease, but this was eliminated in 1999 in exchange for the 999-year lease. [2] The only current freehold in all of Hong Kong belongs to St John's Cathedral, which was granted freehold in 1847 with perpetual ownership under the condition that the land be used as a church. [1]
Under English feudal law, the payment of quit rent (Latin Quietus Redditus, pl. Redditus Quieti) [1] freed the tenant of a holding from the obligation to perform such other services as were obligatory under feudal tenure, [2] or freed the occupier of the land from the burden of having others use their own distinct rights that affected the land ...
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