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Origin. In the beginning of the European colonial era, trade companies such as the East India Company were the most common method used to settle new land. That changed after Maryland's Royal Grant in 1632, when King Charles I granted George Calvert, 1st Baron Baltimore, proprietary rights to an area east of the Potomac River in exchange for a share of the income derived there.
Sherman's Land was a Field Order that gave a significant number of freed black people the opportunity to settle on land in Georgia and South Carolina. There were around 40,000 of these freed black people who settled in over 400,000 acres of land. However, it later turned out these lands belonged to rice plantation farmers.
A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the ...
Quit-rent. Quit rent, quit-rent, or quitrent is a tax or land tax imposed on occupants of freehold or leased land in lieu of services to a higher landowning authority, usually a government or its assigns . Under English feudal law, the payment of quit rent (Latin Quietus Redditus, pl. Redditus Quieti) [1] freed the tenant of a holding from the ...
The US Consulate had an option to buy the plot as a freehold in its 1950 lease, but this was eliminated in 1999 in exchange for the 999-year lease. The only current freehold in all of Hong Kong belongs to St John's Cathedral, which was granted freehold in 1847 with perpetual ownership under the condition that the land be used as a church.
Fort Sumter. / 32.75222°N 79.87472°W / 32.75222; -79.87472. Fort Sumter is a sea fort built on an artificial island near Charleston, South Carolina to defend the region from a naval invasion. It was built after British forces captured and occupied Washington during the War of 1812 via a naval attack.
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