Leaseholder

Definition and stakes

Portrait of George Matthews Bennett George Matthews Bennett,  Wanderings in New South Wales, Batavia… (1834)

“ The periodical leases, renewable after fifteen years, seem to be considered by most as of little value; they afford no security for fixed property in the soil, as a grant on one of these leases is liable to be resumed by government, ‘with all buildings thereon,’ should the leaseholder or his heirs not choose to comply with the terms of the new lease. ”
Source: Gutenberg

Various,  The Arena, Volume 18, No. 92, July…

“ This payment might be made in government bonds, bearing interest at four per cent, at the option of the government, and the new holder of the lease was charged as rent the interest on the value of the land as bid by himself and also interest at five per cent upon the former leaseholder’s improvements. By this means it was proposed to retain for the community at large the increased value of the lands of the country which was not due to the improvements made from time to time by the leaseholder. ”
Source: Gutenberg

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