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The 40-year limit was based on the text The Mirror of Justices (book 2, chapter 27). In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms. [citation needed]
On 6 March 1898, Qingdao (Tsingtao) was leased "for 99 years" to Germany (Kiautschou Bay concession); it was already occupied by Germany since 14 November 1897. On 23 August 1914, Republic of China canceled the German lease. The concession was occupied by Japan on 7 November 1914. German concession of Tianjin (Tientsin)
The New Territories, with a 99-year lease, were the only territories forming the Crown colony of Hong Kong that were obliged by agreement to be returned. However, by the time of serious negotiations in the 1980s, it was seen as impractical to separate the ceded territories and return only the New Territories to China, due to the scarcity of ...
Fallon's rent for the 99-year lease would be based on market value with a 2.5% escalator each year (with the potential of another 0.25% adjustment every decade).
The city, in return, made a settlement offer to the American Legion Post 188 that, if accepted, would have extended them a 99-year lease agreement of the property.
Download QR code; Print/export ... 99-year lease; 999-year lease; A. Abolition of Feudal Tenure etc. (Scotland) Act 2000;
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