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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [ 2 ] In economics , ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location .
The California Style Manual was first published in 1942 by Bernard E. Witkin, who was the California Reporter of Decisions from 1940 to 1949. Originally intended primarily for court staff and the Reporter of Decisions themselves, the Manual soon became popular amongst attorneys. The second edition was written by William Nankervis in 1961, who ...
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