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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 rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
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.
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 ...
The trust plans to build a new home along with two ohana units on the property, and hold a lottery to sell the units to an extended or multigenerational Lahaina family under an initial 99-year ...
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 ...
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