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What (who) is 99-year lease - definition
99-year lease
RENTAL AGREEMENT THAT WAS ORIGINALLY THE LONGEST POSSIBLE IN AMERICAN COMMON LAW
99 year lease; 99 years
A 99-year lease was, under historic common law, the longest possible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom.
Lease-option
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
999-year lease
LEASE OF PROPERTY
999 year lease; List of 999-Year Leases; List of 999-year leases; 999-year leases; 999-Year Leases; 1000-year lease; Permanent Lease
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.
