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.

Welfare effects of land market liberalization scenarios in Ukraine: Evidence-based economic perspective

Abstract: [Introduction] When Ukraine adopted the 2002 Land Code, it chose to follow a liberal path of agricultural land relations, but failed to create the necessary conditions for the land market to function fully. The moratorium on land sales, implemented directly after the adoption of the Land Code, prohibited 6.92 million owners of land shares (16 % of the population) from fully exercising their property rights. Initially intended as a temporary measure, the moratorium has, to date, been extended eight times. As such, many landowners have passed away without ever being able to fully exercise their property rights. Economic losses caused by the prohibition of land sales are considerable. First, inability to transfer land from less to more efficient producers contributes to a situation where tenancy insecurity substantially reduces incentives to invest in technologies improving land use productivity. As a result, growth of the agricultural sector is substantially lower than it could have been with a free land market. Second, current management of land lease contracts incurs high transaction costs, which could be lowered if land users were able to buy plots. Third, one quarter of Ukrainian agricultural land is still owned by the government. Privatization of 10.5 million ha could generate substantial financial resources for newly reformed local governments. In addition, land sales market has a potential to expand respective tax base and improve the collection of land tax. Resources from privatization and improved tax revenues could substantially help restore the dilapidated rural infrastructure. In sum, due to gains in agricultural production and land privatization, Ukrainian experts estimate that liberalization could lead to a 3-9 % increase in the annual growth rate of the GDP.

Tenancy in a dynamic setting.

Abstract: V S Vyas The tenant is taken, by researchers as well as by policy-makers, to be a small ill-equipped farmer, rack-rented and otherwise exploited by the landowner. There is much validity in this description of landowner-tenant relations in a stagnant, traditional agrarian system. But once this situation changes and some dynamism is injected into the agricultural sector, this description and the policy prescription implicit in it

Farmland values and bidder behaviour in first-price land auctions

Abstract: Within this paper, we aim to investigate asymmetries among bidders in land auctions that may entail non-competitive prices. Using representative data for Eastern Germany including winning bids, bidder characteristics, and land amenities, we pursue a structural approach to derive distributions of latent land values for different bidder groups. By applying nonparametric techniques, we cannot find evidence for asymmetric bidder structures while differentiating between legal entities, tenancy status, and nationality of bidders. Our findings challenge the hypothesis that land privatization via auctions discriminates against certain buyer groups—an argument that is often used to justify stricter regulation of agricultural land markets. (This abstract was borrowed from another version of this item.)

Factors that Influence the Outcomes of Single Homeless People's Rehousing

Abstract: This paper examines the influences of biographical, behavioural, housing and neighbourhood attributes on housing satisfaction, settledness and tenancy sustainment for 400 single homeless people who were resettled into independent accommodation. It draws on evidence from FOR-HOME, a longitudinal study in London and three provincial English cities of resettlement outcomes over 18 months. There was a high rate of tenancy sustainment: after 15/18 months, 78 per cent of the participants were in their original tenancy, 7 per cent had moved to another tenancy and only 15 per cent no longer had a tenancy. Tenure greatly influenced tenancy sustainment, with moves into private-rented accommodation having the lowest rate of success. Several housing and neighbourhood characteristics had strong associations with the outcomes. The biographical and behavioural attributes that were influential in determining outcomes were being young, frequent family contacts, having been in care as a child and some features of the recen...

Land Tenure in Thailand

Abstract: Because of the preconception that Thailand's rural society is predominated by owner-cultivators and has no serious land problem,' investigation has seldom been done on Thailand's land system. But with issues of tenancy coming to the fore recently in Central Thailand,2 attention is now being paid both at home and abroad to the land system. Although Thailand's tenant problem itself is not yet very serious, its social context is worthy of closer study. Comprehensive research should be done on the kinship structure, the inheritance of land, the customary laws on land ownership, the community formation process, and agricultural techniques in relation to social mobility. The problem of land tenure should be studied on a broader basis, not only from the viewpoint of rural social structure but from that of the relationship of land tenure to social mobility and the modernization of the customary laws. The legal pattern of Thailand's land tenure is a product of long historical process. The structure of the current land law indicates the influence of two factors: (1) the customary law concept (latti-thamniam) on land possession, abided by for generations, and (2) the modernization of land law launched at the beginning of the 20th century. Although the customary law appears to have adjusted to the modern one, both often conflict with the farmers' concepts. Theoretically, all land was supposed to belong to the king, the farmers being allowed to acquire land on the condition that they exercised de facto occupancy and cultivation. The de facto occupancy accompanied by cultivation gave rise to the right to own land, which in turn led to the right to legal protection. Such a custom had long been in practice, but in 1901 King Rama V introduced the modern idea of land ownership, legally distinguishing factual occupancy from ownership, and he created a system in which no protection is given to occupancy but only to ownership. This led to a confusion in Thailand's land tenure system. In 1936 a more flexible land law was legislated, and since then the system has become stabilized. The current land law, kotmaai thiidin, phoo. soo. 2497, which was legislated in 1954, adheres in its essentials to the ideas of the 1936 law, recognizing