Leasehold Land

• State land which has been alienated to an individual for a term of years ( not exceeding 99 years ) . 
• Upon expiry of the period of the lease , the land should revert to the State , subject to renewal . 
• The market value of a parcel of land held under a leasehold titte will normally be lower than that of freehold title , especially where a substantial period of the duration of the lease has expired .