Английская Википедия:99-year lease

Материал из Онлайн справочника
Перейти к навигацииПерейти к поиску

Шаблон:Short description Шаблон:Use dmy dates 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.

The law

Under the traditional common law doctrine, the 99-year term was not literal, but merely an arbitrary time span beyond the life expectancy of any possible lessee (user) or lessor (owner).[1][2]

William Blackstone (1723–1780, of Commentaries on the Laws of England fame) states that a lease was formerly limited to 40 years, although much longer leases (for 300 years, or 1000 years) were in use by the time of Edward III.[3] The 40-year limit was based on the text The Mirror of Justices (book 2, chapter 27).

In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms.Шаблон:Citation needed

Due to the influence of the ideas of Henry George at the time the Australian Capital Territory (ACT) was established in the early 20th century, all land in the ACT is held under 99-year leases, the first of which will expire in 2023.[4]

The 99-year lease concept has been more common under the civil law regimes when it comes to concessions of territory: most concessions last for 99 years.Шаблон:Citation needed

Examples

Americas

Asia

Africa

  • Suakin Island – On 17 January 2018, as part of a rapprochement with Sudan, Turkey was granted a 99-year lease over Suakin island. Turkey plans to restore the ruined Ottoman port city on the island.

See also

References

Шаблон:Reflist

  1. Mortgage News Daily web site article on a 99-year lease Шаблон:Webarchive. Accessed 20 February 2008.
  2. Cecil Adams, Why are leases made for 99-year terms?, 22 July 1977, found at The Straight Dope article on 99-year lease. Accessed 20 February 2008.
  3. William Blackstone (1753), Commentaries on the Laws of England, Book 2, Chapter IX "Of estates less than freehold"
  4. Шаблон:Cite news
  5. Шаблон:Cite news