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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 ...
A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law , such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. [ 1 ]
A 999-year lease, under historic common law, is an essentially permanent lease of property. The lease locations are mainly in Britain , its former colonies, and the Commonwealth . A former colony, the Republic of Mauritius ( The Raphael Fishing Company Ltd v.
The procedure and requirements for a lease buyout title transfer differ from state to state. For instance, in New York, lessees who want to purchase their leased vehicles have to complete the MV ...
PORTLAND, Maine (AP) — The federal government issued on Monday the nation’s first floating offshore wind research lease to the state of Maine, comprising about 23 square miles (60 square ...
However, some jurisdictions recognize such claims, [7] although many do not. [8] A tort of negligent interference occurs when one party's negligence damages the contractual or business relationship between others, causing economic harm, such as by blocking a waterway or causing a blackout preventing the utility company from being able to uphold ...