As we've discussed, any lease that will last more than three years must be registered at the land office with jurisdiction over the area in which the lease is being granted.
This means that if you're leasing a house, apartment or condo and the lease period is longer than three years _ a long lease _ it must be registered at the land office.
As we mentioned in an earlier column, a 30-year lease is the maximum you can register at the land office. If you register more than a 30-year lease, it will legally be treated as only as a 30-year lease. For example, if you go to register a 40-year lease, the land office will probably insist that you reduce the lease period to 30 years. Legally, you can add a provision that the lessee will be allowed to extend the 30-year lease for another equal period under the same terms and conditions, but some land offices, as a matter of policy, do not allow this to be included.
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