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What is 99-Year Perpetual Lease Overview about?

A 99-year lease is a long-term leasehold agreement where a property is leased for 99 years, after which ownership reverts back to the original landowner. There is no law specifying a 99-year limit; it is a customary term. A 99-year lease agreement outlines the rights and obligations of both the lessor and lessee regarding occupation of the property in exchange for rent payments. Under certain acts like the Urban Land Ceiling & Regulation Act, perpetual leases can be issued by the government to allot land fo

Author

Vanshika Gahlot

Language

EN