perpetual lease

perpetual lease
A lease for a yearly rental to one for as long as he shall comply with the contract and pay the rent. The equivalent of a conveyance in fee reserving the rent, 32 Am J1st L & T § 1039; creating a qualified, base, or determinable fee. Smith v Improvement District, 108 Ark 141, 156 SW 455; Piper v Meredith, 83 NH 107, 139 A 294, 55 ALR 148.

Ballentine's law dictionary. . 1998.

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  • perpetual lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • perpetual lease — noun : a lease renewable forever at the lessee s option …   Useful english dictionary

  • perpetual lease — renting of land for a very long period of time …   English contemporary dictionary

  • 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 — I adjective adsiduus, amaranthine, ceaseless, chronic, constant, continuous, deathless, endless, enduring, eternal, ever abiding, everlasting, fixed, having no limit, immortal, imperishable, impossible to stop, incessant, indelible,… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • perpetual — /parpetyuwal/ Never ceasing; continuous; enduring; lasting; unlimited in respect of time; continuing without intermission or interval. As to perpetual injunction perpetual lease perpetual statute, see those titles …   Black's law dictionary

  • lease —   Ho olimalima, palapala ho olimalima.    ♦ Conditional lease, ho olimalima ma ke ano alolio.    ♦ Perpetual lease, ho olimalima manawa pau ole …   English-Hawaiian dictionary

  • Perpetual usufruct — is the English language term erroneously used by Polish lawyers to describe the Polish version of public ground lease. It is usually granted for 99 years, but never shorter than 40 years, and enables leasehold use of publicly owned land, in most… …   Wikipedia

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