Coincidentally, this is similar to the lease-hold system in Hong Kong. Most land plots revert to the government after a 75 or 99 year lease term. You can sublet

Coincidentally, this is similar to the lease-hold system in Hong Kong. Most land plots revert to the government after a 75 or 99 year lease term. You can sublet land during that period, but whoever directly holds the government lease is obligated to pay an annual tax equal to a percentage of the land's rated value.