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The proprietary lease cannot be extended beyond the expiration of the land lease.
Foreigners qualify instead for a kind of junior land lease known as "right of use".
Documents are primarily property maps, indentures, land lease documents, and petitions.
It negotiated a land lease with the city for 49 years with two 25-year options.
"The city needs to begin the land lease process now," he wrote.
The deal-breaker was that the building has a land lease, which means it stands on leased land.
Similar(5)
Through a technical land-lease agreement, they became, forever, English.
Land-lease periods were reduced retrospectively from 100 to 50 and then to 25 years.
Monthly land-lease fees average $350, said Mr. Solly, a 34-year veteran of the industry.
West Bengal: Business investors are wary of the state government's newly introduced draft clause in land-lease agreements.
The park gets our land-lease revenue and payment in lieu of taxes — that's the model that established the park.
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