999-year lease

A 999-year lease, under historic common law, is an essentially permanent lease of property. The lease locations are mainly in Britain, its former colonies, and the Commonwealth.

Examples of land subject to a 999-year lease agreement

Leased Item	Type	Place	Year term	Lease by	Leased to	Notes
The Crystal Palace	cost of building venue	London, England	1851–2850	Joseph Paxton	Seat holders/owners	Financed by the sale of seats for ₤100
Queen's Park	Parkland	Toronto, Ontario, Canada	1859–2858	University of Toronto	Province of Canada (Canada West)	Park is now home to the Legislative Assembly of Ontario and leased to the Government of Ontario
Point Pleasant Park	Park	Halifax, Nova Scotia, Canada	1866–2865	British Crown	City of Halifax, Nova Scotia
Royal Albert Hall		London, England	1871–2870	The Corporation of the Hall of Arts and Sciences	Seat holders/owners	Financed by selling seats and boxes
Ontario and Quebec Railway	Railway company	Eastern Ontario and Quebec, Canada	1884–2883	Canadian Pacific Railway	Owners of the OQR	Now owned by St. Lawrence and Hudson Railway, a subsidiary of the CPR
Mullaperiyar Dam	Dam and water	Cardamom Hills, Kerala, India	1886–2885	Maharaja of Travancore, Visakham Thirunal From 1949 State of Travancore-Cochin From 1956 Government of Kerala	British Secretary of State for Periyar River Irrigation From 1947 Madras State From 1969 Government of Tamil Nadu	The lease was made after 24 years of negotiation.
WACA Ground	Stadium	Perth, Western Australia	1889–2888	Government of Western Australia	Western Australian Cricket Association	Land reclaimed from the Swan River
Commonwealth Institute building site	Property	London, England	1951–2950	Holland Estate	Commonwealth Institute
Pusey House	Property	Oxford, England	1981–2980		Oxford University	Excludes the chapel
Inverhuron Provincial Park	Park	Inverhuron, Ontario	1973–2972	Ontario Hydro	Ministry of Natural Resources (Ontario)	Lease now controlled by Bruce Power
Hampshire CCC	Land	Hampshire, England	1996–2995	Queen's College, Oxford[1]	Hampshire County Cricket Club	Former farmland
Millennium Dome	Building and surrounding land	London, England	2001–3000	UK Government	Quintain and Australian retail developer Lend Lease
Stanley Park Stadium	Football Stadium	Liverpool, England	2006-3005	Liverpool City Council	Liverpool Football Club	Proposed replacement for Anfield, home to Liverpool F.C.

References

1. "Hampshire strike rich vein with 'community dream'". Electronic Telegraph via CricInfo. Retrieved 2012-05-04.