Tim Packingham ACREL Ground Leasing (00012925.DOC;1)

Fee simple property with no heirs reverts back to state as state is true owner of all land as established in 1066 A.D. Battle of Hastings. ... A. Nature of Leasehold Estates. 1. Lease a written agreement in which the owner of property (either real estate or some object like an automobile) allows use of the property for a specified period of ... ................
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