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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 ...
The FLA fishpond land lease system of 25 years renewable to 50 years was preserved in the Fisheries Code of 1998. [16] Aquaculture expansion began receiving significant financial support from the government and multilateral organizations in the 1990s, as wild fish stocks decreased. [9]: 11
In essence, it was a long-term lease of an imperial domain for a rental in kind. The title existing before emphyteusis was ius in agro vectigali. The emphyteusis gave the lease-holder (emphyteuta) rights similar to those of a proprietor, although the real owner remained the person to whom the rent (canon or pensio) was paid. The tenant gained ...
Under a 1947 Military Bases Agreement, [13] the Philippines granted the United States a 99-year lease on several U.S. bases, including Clark Air Base. [14] A later amendment in 1966 reduced the original 99-year term of the agreement to 25 years. [15]
A later amendment in 1966 reduced the original 99-year term of the agreement to 25 years. [14] A renewal of the agreement in 1979 [ 15 ] allowed the U.S. to continue operating the bases until November 1991, [ 16 ] when the Philippine Senate rejected a bill for the renewal of U.S. bases in the Philippines.
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The Agricultural Land Reform Code, officially designated as Republic Act No. 3844, was an advancement of land reform in the Philippines that was enacted in 1963 under President Diosdado Macapagal. It abolished tenancy and established a leasehold system in which farmers paid fixed rentals to landlords, rather than a percentage of harvest.
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 ...