Lease - Land Lease - US Term Only

US Term Only

See also: Land grabbing

A land lease or ground lease is a lease in which the tenant rents and uses the land, but owns the temporary or permanent buildings and other objects placed upon it.

According to the Ethiopian government 36 countries including India, China, Pakistan and Saudi Arabia had leased farm land there in March 2011. Ethiopia had offered three million hectares of virgin land to foreign corporations. Ethiopia is one of the world's largest recipients of humanitarian food assistance. In 2010 receiving more than 700,000 tonnes of food.

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Famous quotes containing the word term:

    No—is a term very frequently employed by the fair, when they mean everything else but a negative. Their yes is always yes; but their no is not always no.
    Anonymous, U.S. women’s magazine contributor. M, Weekly Visitor or Ladies Miscellany, p. 203 (April 1803)