What is long lease land?
Long lease land is actually government owned land on which a right of long term (60 years) lease is granted to the title holder. A fixed yearly lease sum is paid by the title holder to the government. This type of ownership however provides the title holder to act as full owner with regard to the property, as such the title holder may sell, encumber, mortgage or negotiate its rights the same as with any real property owenrship.
Related Questions
- Would MH construction projects on Indian trust land be considered even the lease terms on trust land can only be for 50 years (25 years with renewable provisions for an additional 25)?
- Can a landowner take out the policy by themselves if they don’t actually lease the land for hunting, but allow friends and family members to hunt?
- Is there VAT on transactions with land and lease of property in Bulgaria?
