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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 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 ...
999-year lease – Quasi-permanent leasehold Ground rent – Rent for the ground where a tenant can do property development Lend-lease – WWII program to provide U.S. allies with free armaments Pages displaying short descriptions of redirect targets
A 999-year lease, under historic common law, is a permanent lease of property.Permanent lease locations are in Britain, its former colonies and the Commonwealth.A former colony, the Republic of Mauritius established legal precedent (The Raphael Fishing Company Ltd v.
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 $999 lease deal is for 36 months, includes 10,000 miles a year, and takes into account the federal $7,500 tax credit. ... offering new end-of-year incentives too.
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