Legal
Status
Nominee Structured
Asset
Long-Term Land Lease
Long-Term
Land Lease
This
is an agreement between the land owner and the foreign investor to lease
the land, usually for a 25 to 30 year term, with possible renewal of the
lease for a further 2 terms of the same number of years. The land is not
purchased but leased for the tenure and all buildings will return to the
landowner with the land at the end of the tenure of the lease.
This structure does not provide for ownership nor sale thereof. Nor does
a lease per se guarantee renewal of itself for subsequent terms.
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