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What (who) is 999-year lease - definition
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.
AD 999
YEAR
999 (year); Year 999; 999 CE; 999 AD; Events in 999; Births in 999; Deaths in 999
Year 999 (CMXCIX) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar.
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.
