Leases sentence example
At the end of the contract the landlord either cultivates his land himself or leases it, repaying to the improver part of the expenditure incurred by him.
Special contracts, known as colonie immovibili and colonie tern poranee are applied to the latifondi or huge estates, the owners of which receive half the produce, except that of the vines, olive-trees and woods, which he leases separately.
Other forms of contract are the piccola mezzadria, or sub-letting by tenants to under-tenants, on the half-and-half system; enfiteusi, or perpetual leases at low rentsa form which has almost died out; and mezzadria (in the provinces of Caserta and Benevento).
The terms of agrarian contracts and leases (except in districts where mezzadria prevails in its essential form), are in many regions disadvantageous to the laborers, who suffer from the obligation to provide guarantees for payment of rent, for repayment of seed corn and for the division of products.
In 1867 there were no settlers on the west island, and the government issued a proclamation offering leases of grazing stations on very moderate terms. In 1868 all the available land was occupied.Advertisement
The revenue derived from the sales and leases of this land constitutes an endowment fund upon which the state as trustee pays 6% interest.
He also contemplated a thorough-going reform of the ferme generale, but contented himself, as a beginning, with imposing certain conditions on the leases as they were renewed - such as a more efficient personnel, and the abolition for the future of the abuse of the croupes (the name given to a class of pensions), a reform which Terray had shirked on finding how many persons in high places were interested in them, and annulling certain leases, such as those of the manufacture of gunpowder and the administration of the messageries, the former of which was handed over to a company with the scientist Lavoisier as one of its advisers, and the latter superseded by a quicker and more comfortable service of diligences which were nicknamed" turgotines."He also prepared a regular budget.
Leases of 21 years are recommended for persons of small capital as better than employing it in purchasing land.
He was one of the first to use oil-cake and bone-manure, to distinguish the feeding values of grasses, to appreciate to the full the beneficial effects of stock on light lands and to realize the value of long leases as an incentive to good farming.
Leases for a term of years, however, were not uncommon; but the want of capital rendered it impossible for the tenantry to attempt any spirited improvements.Advertisement
But I am most fully convinced they should take long leases or tacks, that they may not be straitened with time in the improvement of their rooms; and this is profitable both for master and tenant."
The enlargement of farms, and in Scotland the letting of them under leases for a considerable term of years, continued to be a marked feature in the agricultural progress of the country until the end of the century, and is to be regarded both as a cause and a consequence of that progress.
An Act passed in 1770, which relaxed the rigour of strict entails and afforded power to landlords to grant leases and otherwise improve their estates, had a beneficial effect on Scottish agriculture.
The land in Scotland was now, with trifling exceptions, let on leases for terms varying from twenty to thirty years, and in farms of sufficient size to employ at the least two or three ploughs.
The unlimited issues of government paper and the security afforded by these leases induced the Scottish banks to afford every facility to landlords and tenants to embark capital in the improvement of the land.Advertisement
Leases may be made on behalf of lunatics subject to the jurisdiction in lunacy under the provisions of the Lunacy Act 1890 and the Settled Land Act 1882.
Powers of granting building and other leases have been conferred by modern legislation on municipal corporations and other local authorites.
There are also special rules of law with reference to leases by persons having only a limited interest in the property leased, e.g.
Leases frequently contain a covenant by the lessee to bear and pay rates, taxes, assessments and other " impositions " or " charges," or " duties " or " outgoings," or " burdens " (except property tax) imposed upon the demised premises during the term.
But the respective obligations of parties where repairs are, as they always are in leases for years, the subject of express covenant, may vary indefinitely.Advertisement
But, with advancing civilization and the consequent increase in the number of the conditions to be imposed on both parties, leases became mutual contracts, bilateral in form.
This enactment applies to leases of agricultural subjects, houses, mills, fisheries and whatever is fundo annexum; provided that (a) the lease, when for more than one year, must be in writing, (b) it must be definite as to subject, rent (which may consist of money, grain or services, if the reddendum is not illusory) and term of duration, (c) possession must follow on the lease.
Special powers of granting leases are conferred by statute on trustees.
In the case of urban leases, however, ejectment (q.v.) - called in Scots Law " removing " - will not be authorized unless the tenant received 4 0 days' warning before the term of removal.
Agricultural leases usually contain special provisions as to the order of cropping, the proper stocking of the farm, and the rights of the incoming and outgoing tenant with regard to the waygoing crop. Where the rent is in money, it is generally payable at Whitsunday and Martinmas - the two " legal terms."Advertisement
It was abolished in 1880 as regards all leases entered into after the 11th of November 1881, where the land demised exceeded two acres in extent, and the landlord was left to remedies akin to ejectment (Hypothec Abolition, Scotland, Act 1880).
Where long leases are " probative," i.e.
It only remains here to refer to those applicable to leases to farm.
The drilling of petroleum wells is carried on by individuals or companies, either on lands owned by them, or on properties whose owners grant leases, usually on condition that a certain number of wells shall be sunk within a stated period, and that a portion of the oil obtained (usually from one-tenth to one-fourth) shall be appropriated as royalty to the lessor.
Such leases are often transferred at a larger royalty, especially after the territory has been proved productive.
It comprises land in no fewer than ten districts, much of which is let on permanent leases to indigo-planters.
The state leases the beds at a low annual rental in tracts (limited for each person, firm or corporation to 1000 acres), and draws from them a considerable revenue.
The act also declares the validit y of leases made by a simoniac or simoniacallypresented person, if bona fide and for valuable consideration to a lessee ignorant of the simony.
At Les Daces (which he sold in 1765) he had become a householder on no small scale; at Ferney (which he increased by other purchases and leases) he became a complete country gentleman, and was henceforward known to all Europe as squire of Ferney.
The municipality owns and operates the gas and electric-lighting plants and the water works (the watersupply being derived from natural ponds, some of which are outside the city limits), and owns and leases (to the New York, New Haven & Hartford railroad) a railway extending (10.3 m.) to Westfield, Mass.
But he acted with singular legerete with regard at all events to his assurances to Great Britain respecting the leases of Port Arthur and Talienwan from China; he told the British ambassador that these would be "open ports," and afterwards essentially modified thin pledge.
Coal lying under the sea below low-water mark belongs to the crown, and can only be worked upon payment of royalties, even when it is approached from shafts sunk upon land in private ownership. In the Forest of Dean, which is the property of the crown as a royal forest,there are certain curious rights held by a portion of the inhabitants known as the Free Miners of the Forest, who are entitled to mine for coal and iron ore, under leases, known as gales, granted by the principal agent or gaveller representing the crown, in tracts not otherwise occupied.
The greater part of the land in this section was comprised in vast estates such as Rensselaerwyck, Livingston, Scarsdale, Phillipse, Pelham and Van Cortlandt manors, and on these the leasehold system with perpetual leases, leases for 99 years or leases for one to three lives had become general.
In the new constitution clauses were inserted abolishing feudal tenures and limiting future leases of agricultural land to a period of twelve years.
Extremely well suited for sheep-farming, the natural pastures of the country were quickly parcelled out into huge pastoral crown leases, held by prosperous licensees, the squatters, who in many cases aspired to become a country gentry by turning their leases into freeholds.
It is that the government acting for the people, who are the real owners of all public property, shall permanently retain the fee in public lands, leaving their products to be developed by private capital under leases which are limited in their duration and which give the government complete power to regulate the industrial operations of the lessees.
In September 1908, after an investigation which showed that many wardens had been in the pay of convict lessees and that terrible cruelty had been practised in convict camps, an extra session of the legislature practically put an end to the convict lease or contract system; the act then passed provided that after the 31st of March 1909, the date of expiration of leases in force, no convicts may be leased for more than twelve months and none may be leased at all unless there are enough convicts to supply all demands for convict labour on roads made by counties, each county to receive its pro rata share on a population basis, and to satisfy all demands made by municipalities which thus secure labour for $100 per annum (per man) paid into the state treasury, and all demands made by the state prison farm and factory established by this law.
In addition to these three departments, standing committees exist to take a collective view of such matters as contracts, concessions, mineral and other leases, and patronage.
The term survives in the Forest of Dean, for leases granted to the "free miners" of the forest, granted by the "gaveller" or agent of the crown, and the term is also applied to the royalty paid to the crown, and to the area mined.
The system of nineteen years' leases had proved distinctly superior to the system of yearly tenancy so general in England, although prejudicially affected by customs and conditions which, for a considerable time, seriously strained the relations between landlord and tenant.
The mines are worked under leases from the Mysore government, which secure to the state a royalty of 5% of the gold produced.
In the early days of railway enterprise the agency of private companies guaranteed by the state was exclusively employed, and nearly all the great trunk lines were made under this system, but the leases of the last three of these lines, the Great Indian Peninsula, the Bombay Baroda and Central India, and the Madras companies, fell in respectively in 'goo, 1905 and 1907.
From the close of the 13th century downwards countless transactions on the basis of leases for terms of years occur between the peasants themselves, any suitably kept set of 14th-century court rolls containing entries in which such and such a villein is said to appear in the halimote and to surrender for the use of another person named a piece of land belonging to the holding.
Such land was let either on five-year leases or in perpetuity to colon.
These railways were built by the national government after the drought of 1877-1878 to give work to the starving refugees, and are now operated under leases.
The revenues from rents and leases of state monopolies are derived from posts, telegraphs, mines, mint, forests, banks, fisheries, factories, &c., and amount to about 110,000 per annum.
Out of the actual total revenue 500,000 is represented by customs and 110,000 by rents and leases of state monopolies, leaving 990,000 for maliat and revenues of Crown lands.
The successive publication of Tables for the Purchasing and Renewing of Leases (1802), of The Doctrine of Interest and Annuities (1808), and The Doctrine of Life-Annuities and Assurances (1810), earned him a high reputation as a writer on life-contingencies; he amassed a fortune through diligence and integrity and retired from business in 1825, to devote himself wholly to astronomy.
These revenues are derived from a lighting tax, leases and ground rents, cemetery fees, consumption and market taxes, licences, tolls, taxes on hides and skins, personal and various minor taxes.
It remains in possession of the Crown, but since the death of Catherine has been let on leases.
The expenses of the state government are met chiefly by special taxes on railway and canal corporations, a franchise tax on the capital stock of other corporations, a collateral inheritance tax and leases of riparian lands.
The largef tenantry, who were supposed to be able to look after their own interests, were entirely debarred, and tenants enjoying leases were excluded from claiming compensation, except for tillages, buildings and reclamation of lands.
It is probable that in the neglect of the grantees to give proper leases to their tenants arose the Ulster tenant-right custom which attracted so much notice in more modern times.
Catholics could not take longer leases than thiry-one years at two-thirds of a rack rent; they were even required to conform within six months of an inheritance accruing, on pain of being ousted by the next Protestant heir.
Only Protestant freeholders had votes, which encouraged leases for lives, about the worst kind of tenure, and the object of each proprietor was to control as many votes as possible.
The necessity of finding Protestants checked subdivision for a time, but in 1793 the Roman Catholics received the franchise, and it became usual to make leases in common, so that each lessee should have a freehold interest of 40s.
The potential effects of the decision on family law or commercial leases were not broached.
From 1458 the manorial demesne was let on 10year leases at £ 8 a year.
The taxation of leases, including dilapidations and variations.
Traditional leases have been replaced by relatively short licenses rather than monthly, or even hourly, tenure.
This provision is new, and is designed to avoid a conveyancing trap that such reversionary leases may create.
At present the CPS does not have any finance leases.
Undertaking by the Ministry to grant mining leases, etc. 14.
Short term or operating leases - Equipment can also be leased for shorter periods of time.
Locomotion Capital leases locomotives in six European countries and is the continentÃ¢s largest and most diversified lessor of railroad locomotives.
New leases are likely also to contain conditions precedent that must be met prior to assignment.
In addition to the undertakings of the telegraph companies the government had to purchase the reversionary rights of the railway companies which arose out of the circumstance that the telegraph companies for the most part had erected their poles and wires along the permanent way of the railways under leases which in 1868 had still many years to run.
In the provinces of Foggia and Lecce long leases (up to twenty-nine years) are granted, but in them it is explicitly declared that they do not imply enfiteusi (perpetual leasehold), nor any other form of contract equivalent to co-proprietorship. Mezzadria is rarely resorted to.
There is a revenue of about L21,000 annually derived chiefly from a poll-tax, leases and customs. The principal exports are copra, bananas, oranges and fungus, and the annual values of exports and imports are £80,000 and 70,000 respectively on an average, though both fluctuate considerably.
Financial Performance Profits from investment activity Our main activity is to acquire properties at a substantial discount in return for granting life-long rent-free leases.
He 's buying because he 's 32, earns 27k and is utterly pissed off with living in scummy HMOs on 6 month leases.
Rentals under operating leases are charged on a straight-line basis over the lease term.
Leases ran for twenty-one years with rent stable for the first seven to enable the farm to develop.
Rental agreements and leases are legally-binding documents for long-term tenancy.
Leases generally run for six months or a year with renewable options.
In addition to furniture sales, Arizona Office Liquidators & Designs leases and rents furniture.
The company leases solar panel systems to homeowners who pay a security deposit (typically $500) and choose a contract period of one, five or twenty-five years.
If you can locate a company in your area that leases solar equipment, then you can get started immediately without a large investment.
This site also offers advice about leases and moving, with links to apartment resources like roommate finding services.
In exchange for managing his oldest daughter's estate, Jamie Spears receives a salary of $2,500 a week, plus cash allowances for car rentals and/or leases.
Land surveyors are responsible for writing descriptions of land for legal documents, including deeds and leases.
If you choose this route, make sure you read and understand all the contracts, loans, promissory notes, or leases you are signing.
Thyme maternity store often has a contest running for pregnant women that can benefit their whole family, with prizes like vehicle leases and safety seats.
List long-term liabilities, those you don't expect to liquidate within a year, such as your home mortgage, home equity loans, finance company loans and long-term leases.
According to the Bureau of Transportation Statistics, 2009 saw fewer new vehicle leases and sales than any year since 1990.
Light trucks, including pick-ups and SUVs, saw the most dramatic decreases in sales and leases.
New car sales and leases dropped much more dramatically than used car sales in 2009.
With new car leases on the rise, the inventory of newer used cars has also increased.
The manufacturer downfall in leasing is the inability to actually determine the end value or residual value at the completion of those leases.
Leases may turn into a consumer advantage and an automaker downturn in profits.
In certain circumstances, however, such as leases or cars that are not fully paid, drivers may still be required by the lender to carry more than the minimum insurance, which vary by state.
At the same time a settlement of the land revenue on leases for five years was begun, and the police and military systems of the country were placed upon a new footing.