- lease renewable forever
- A lease for a term of years, often for ninety-nine years, with unlimited option for renewal. 32 Am J1st L & T § 1039.
Ballentine's law dictionary. Anderson, W.S.. 1998.
lease renewable forever
Look at other dictionaries:
lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… … Law dictionary
perpetual lease — noun : a lease renewable forever at the lessee s option … Useful english dictionary
Northern Liberty Market Co. v. Kelly — Supreme Court of the United States Argued December 12–, 1884 Dec … Wikipedia
College Lands — The College Lands were a tract of land in the Northwest Territory, later Ohio, that the Congress donated for the support of a university. Ohio University became the first college northwest of the Ohio River as a beneficiary of this tract.… … Wikipedia
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ground rent — noun payment for the right to occupy and improve a piece of land • Hypernyms: ↑rent * * * noun 1. : a price per year or term of years paid for the right to occupy and improve a piece of land; also : money or compensation so paid compare economic… … Useful english dictionary
mixed estate — A ground rent lease for ninety nine years, renewable forever. Jones v McGruder (DC Md) 42 F Supp 193 … Ballentine's law dictionary
tenancy in fee — A tenancy under a lease for a term, renewable forever, but subject to termination for nonpayment of the rent reserved, the interest of the lessee being that of a base, qualified, or determinable fee. Smith v Improvement Dist. 108 Ark 141, 156 SW… … Ballentine's law dictionary
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… … Universalium
