A 999-year lease, under historic

common law Common law (also known as judicial precedent, judge-made law, or case law) is the body of law primarily developed through judicial decisions rather than statutes. Although common law may incorporate certain statutes, it is largely based on prece ...

, is an essentially permanent

lease A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

of property. The lease locations are mainly in

Britain Britain most often refers to: * Great Britain, a large island comprising the countries of England, Scotland and Wales * The United Kingdom of Great Britain and Northern Ireland, a sovereign state in Europe comprising Great Britain and the north-eas ...

, its former colonies, and the

Commonwealth A commonwealth is a traditional English term for a political community founded for the common good. The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the 15th century. Originally a phrase (the common-wealth ...

. A former colony, the Republic of

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

(''The Raphael Fishing Company Ltd v. The State of Mauritius & Anor'' (Mauritius)

008 008, OO8, O08, or 0O8 may refer to: * "008", a fictional 00 Agent In Ian Fleming's James Bond novels and the derived films, the 00 Section of MI6 is considered the secret service's elite. A 00 (pronounced "Double O") is a field agent who ho ...

UKPC 43 (30 July 2008)) established legal precedent on 30 July 2008 in respect of a 1901 'permanent lease' on the Thirteen Islands of St. Brandon (

Cargados Carajos Saint Brandon (), also known as the Cargados Carajos Shoals, is a southwest Indian Ocean archipelago of sand banks, shoals and islets belonging to the Republic of Mauritius. It lies about northeast of the island of Mauritius. It consists of fiv ...

) which were adjudged as being a permanent grant by the Privy Council.Privy Council Judgment 30 July 2008 - Raphaël Fishing Company Ltd.
/ref>

Examples of land subject to a 999-year lease agreement or permanent grant

References

{{Reflist Real property law Contract law Outer Islands of Mauritius Reefs of the Indian Ocean Atolls of the Indian Ocean Privy Council of the United Kingdom

Examples of land subject to a 999-year lease agreement or permanent grant

See also

References