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What does EMPHYTEUTIC LEASE stand for?
What does EMPHYTEUTIC LEASE mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: EMPHYTEUTIC LEASE.
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What does EMPHYTEUTIC LEASE mean?
- Emphyteutic lease
- An emphyteutic lease is a type of real estate contract specifying that the lessee must improve the property with construction. The term is commonly used in Quebec 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.
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"EMPHYTEUTIC LEASE." Abbreviations.com. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.abbreviations.com/EMPHYTEUTIC%20LEASE>.
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