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Leasehold estate

About: Leasehold estate is a research topic. Over the lifetime, 1589 publications have been published within this topic receiving 21480 citations. The topic is also known as: leasehold & tenancy.


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Journal ArticleDOI
TL;DR: The fast track land redistribution programme generated new agrarian labour relations altering the tying of labour on the large farms to tenancy, supplemented by casual labour from the communal areas.
Abstract: The fast track land redistribution programme generated new agrarian labour relations altering the tying of labour on the large farms to tenancy, supplemented by casual labour from the communal areas. Job losses and displacement occurred, but this is not the whole story as new and diverse sources of rural employment have emerged, including high levels of self-employment on small farms (A1) supplemented by casual employment. Large farms dependent on wage labour experience labour shortages despite the mechanisation drive. However, communal areas and A1 farmers continue to provide labour to large farms, although labour supplies are negotiated on new terms.

50 citations

Journal ArticleDOI
TL;DR: In this article, the authors explored the viability of four land-value capture mechanisms available under public leasehold systems: initial land auctioning, contract modification, lease renewal, and collection of land rent.
Abstract: Using Hong Kong as a case study, the paper explores the viability of four land-value-capture mechanisms available under public leasehold systems: initial land auctioning; contract modification; lease renewal; and, the collection of land rent. It is found that these mechanisms do not work equally well; instead, their viability depends largely on the context within which the contracting parties practise land leasing. By applying a modified transaction-costs framework to the case, it is shown that the transaction costs of allocating the land value at the initial land auction are the lowest among the four mechanisms. This explains why the Hong Kong government relies on public land auctions to capture land value. The paper concludes with a discussion of the implications of this finding for Hong Kong and for countries where officials are experimenting with public leasehold systems.

49 citations

Journal ArticleDOI
TL;DR: In this paper, a two-season model of agricultural production in a peasant economy, with labor unemployment in the lean season, land rationing at a conventionally fixed crop share by a monopolistic landlord who is also the financier of consumption credit for the sharecropper families.
Abstract: In this paper we have a two-season model of agricultural production in a peasant economy, with labor unemployment in the lean season, land rationing at a conventionally fixed crop share by a monopolistic landlord who is also the financier of consumption credit for the sharecropper families. We then work out hypotheses about the relation of the equilibrium percentage of area under tenancy with land quality factors, labor-intensity of crops, extent of unemployment, interest rates, weather uncertainty, etc. Most of the hypotheses are confirmed by interstate cross-section evidence from India in early 1950s.

49 citations

Journal ArticleDOI
TL;DR: In this article, the authors summarise recent national and local (Amsterdam) housing policy developments, focusing on the recent practice of selling social housing in Amsterdam, and reflect on the desirability of shifting the tenure structure from tenancy to ownership and on the risks t...
Abstract: Amsterdam's housing market is dominated by the social‐rented sector. It comprises 56 per cent of the total housing stock, while home ownership comprises only 19 per cent, lower than anywhere else in the Netherlands, and among the lowest in the world. Central government policy is currently seeking to increase the share of home ownership in the Netherlands from 53 per cent (2001) to 65 per cent in 2010. This paper will summarise recent national and local (Amsterdam) housing policy developments, focusing on the recent practice of selling social housing in Amsterdam. Unlike the Right to Buy scheme in Britain, the Netherlands employs an ‘offer to buy’ strategy. Sales, however, have been disappointing so far. Two factors were found to be crucial in this regard: (1) the sluggish change in ‘policy mentality’ and bureaucracy and (2) the high prices in the home ownership market. By way of conclusion, the paper reflects on the desirability of shifting the tenure structure from tenancy to ownership and on the risks t...

48 citations

01 Jan 2003
TL;DR: In this article, the authors examined the positive and normative economics of tenancy rent control when introduced into a previously uncontrolled housing market, and showed that the rent control does not generate excess demand but instead induces a different long-run equilibrium in the market.
Abstract: Summary Many jurisdictions around the world now implement a form of rent control in which rents are controlled within tenancies but are free to vary between tenancies. This form of rent control is termed tenancy rent control. This paper examines the positive and normative economics of tenancy rent control when introduced into a previously uncontrolled housing market. Unlike traditional forms of rent control, tenancy rent control does not generate excess demand but instead induces a different long-run equilibrium in the market. Compared with the uncontrolled equilibrium, the tenancy rent control equilibrium entails some distortion but also improves security of tenure. Thus, tenancy rent control may be a reasonable compromise between those who favor extensive government intervention in the housing market and those who favor little if any. The paper does not discuss the effects of introducing tenancy rent control into a tightly controlled housing market such as Sweden’s, beyond noting that doing so would entail partial decontrol. It should however be possible to adapt the paper’s analysis to treat this situation.

48 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202340
2022125
202128
202028
201956
201857