New Zealand
The statutory provisions of pastoral leases are covered by the New Zealand Crown Pastoral Land Act 1998 and the Land Act 1948. The holder of the lease has:
- the exclusive right of pasturage
- a perpetual right of renewal of the lease for terms of 33 years
- no right to the soil, and
- no right to acquire the fee simple of any of the land.
Pastoral leases are undergoing a voluntary tenure review process.
Read more about this topic: Pastoral Lease
Famous quotes containing the word zealand:
“Teasing is universal. Anthropologists have found the same fundamental patterns of teasing among New Zealand aborigine children and inner-city kids on the playgrounds of Philadelphia.”
—Lawrence Kutner (20th century)