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:

    In eloquence, the great triumphs of the art are when the orator is lifted above himself; when consciously he makes himself the mere tongue of the occasion and the hour, and says what cannot but be said. Hence the term abandonment, to describe the self-surrender of the orator.
    Ralph Waldo Emerson (1803–1882)