4 ms·

I'm unsure if 100+ year contracts should ever be valid... those involved are binding people who haven't been more and are completely insulated from the long ter

• defrost 4y ago
  The common ~ 150+ year old peppercorn leases that I've seen date back to the early days of our state capital city when then outer limits farm land was bequeathed by the 'owner'|occupying colonists on their death - some directly to their family, some to the local church, and several plots to the local city as "designated land" on a peppercorn contract. Eg: This large park [1] is leased for a peppercorn a year to the city on the absolute proviso it be used as a park open to all otherwise the lease is terminated and the park reverts back to the estate of the bequeathing family. Now, there's a can of worms some years and generations down the track - should the usage alter (or the peppercorns fail to be delivered to the lawyers) the grand-grand-grand children will be bunfighting over some serious now near inner city real estate. [1] https://en.wikipedia.org/wiki/Hyde_Park,_Perth https://en.wikipedia.org/wiki/Hyde_Park,_Perth
  • M2Ys4U 4y ago
    This is why the Rule Against Perpetuities exists for most (non-charitable) bequeathments in English law.
    • defrost 4y ago
      Sure, the University of Bath, National Coastwatch Institution, and a number of the larger 'public' parks and gardens in England are on strictly limited 999 year leases. To the best of my recollection none of those thousand year (less one) leases have run out to date.