The Guinness brewery has a very long lease.....

Dennis Nicholls

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I'm used to US law. Most states limit the terms of a freehold lease of real property to a term of 99 years.


Apparently Ireland has different laws. When the Guinness brewery was established in the 1700's, the investors were certain they had a sure thing....brewing beer in Ireland.



They signed a 9,000 (NINE THOUSAND) year lease on the property where the brewery was built.



www.guinness-storehouse.com/some_history.htm
 

Yee-Ming

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999 year leases are not uncommon here, as a relic from colonial days, although I don't think any have been newly created in recent times. In practice, a new development built on land under a 19th century 999 yr lease (which has 800+ yrs to run) is valued almost the same as one built on freehold land.
 
E

Eric Kahn

I wonder if they are still paying only 45 pounds a year. (or the Euro equivalent)
 

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