Historic Examples
The British famously had a 99-year lease, or concession, to Hong Kong New Territories from China from 9 June 1898 to 1 July 1997.
The Guantanamo Bay Naval Base started as a 99-year lease in 1903 from the first president of Cuba to the United States.
The Lend-Lease program of the 1940 was enabled by 99-year lease of British bases on several islands (Gander International Airport in Newfoundland) by the Destroyers for Bases Agreement.
All land in Canberra and The Australian Capital Territory in Australia is held by tenure under 99 year lease provisions.
The land under the city of Salamanca, New York has been held under 99-year leases.
Read more about this topic: 99-year Lease
Famous quotes containing the words historic and/or examples:
“The historic ascent of humanity, taken as a whole, may be summarized as a succession of victories of consciousness over blind forces—in nature, in society, in man himself.”
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