An emphyteutic lease is a type of
real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to tr ...
specifying that the lessee must improve the property with construction. The term is commonly used in
Quebec
Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...
and France. These sorts of leases are usually associated with government properties.
Rwanda adopted an emphyteutic leasing system in 2013, offering 99-year leases for agricultural land to its citizens, and 20-year leases for residential land.
[http://www.landgovernance.org/assets/20160627-Factsheet-Rwanda.pdf ]
See also
*
Emphyteusis
Emphyteusis (Greek: implanting) is a contract for land that allows the holder the right to the enjoyment of a property, often in perpetuity, on condition of proper care, payment of tax and rent. The right encompasses assignment and of descent.
His ...
References
External links
Treasury board of Canada Real Property Lexicon
Real estate in France
Property law legal terminology
Law of obligations
Real estate in Canada
Real estate in Rwanda
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