A 999-year lease, under historic
common law
In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions."The common law is not a brooding omnipres ...
, is an essentially permanent
lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...
of property. The lease locations are mainly in
Britain
Britain most often refers to:
* The United Kingdom, a sovereign state in Europe comprising the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands
* Great Britain, the largest island in the United King ...
, its former colonies, and the
Commonwealth.
A former colony, the Republic of
Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label= Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It ...
(''The Raphael Fishing Company Ltd v. The State of Mauritius & Anor'' (Mauritius)
008 008, OO8, O08, or 0O8 may refer to:
* The Streetwear Brand @008us , inspired by Ian Fleming & Virgil Abloh
*"030", the fictional 030 Agent of MI6
* '' 038: Operation Exterminate'', a 1965 Italian action film
* '' Explosivo 030'' a 1940 Argentine c ...
UKPC 43 (30 July 2008)) established legal precedent on 30 July 2008 in respect of a 1901 'permanent lease' on the Thirteen Islands of
St. Brandon (
Cargados Carajos
It is highly likely that the name Saint Brandon was derived from the French sailors and corsairs that sailed to and from Britanny, after a town called Saint-Brandan. It has since been Anglicised to Saint Brandon and is also known as the Cargad ...
) which were adjudged as being a permanent grant by the
Privy Council of the United Kingdom.
Privy Council Judgment 30 July 2008 - Raphaël Fishing Company Ltd.
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Examples of land subject to a 999-year lease agreement or Permanent Grant
See also
* 99-year lease
A 99-year lease was, under historic common law, the longest possible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and ...
* 999-year leases in Hong Kong
999-year leases in Hong Kong are a rare form of lease in Hong Kong.
History
They were almost exclusively granted from 1849 to May 1898 on Hong Kong Island and in Kowloon. Some exceptions include Hang Cheong Tai Building (1900), Cheung Ling M ...
References
{{Reflist
Real property law
Common law
Contract law