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What is short lease land?

April 26, 2017land lease short

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What is short lease land?

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Short lease land is also just as long lease land, government owned land on which a right of lease is granted to the title holder, usually for an undetermined period of time. Mostly this type of lease right is granted for agricultural or similar reasons. The short lease rights are not destined for real estate development and transactions, and actually any real estate built on such land is not marketable without previously converting it (with permission of the government) into long lease land.