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Updated: June 15, 2025
Instead of completing their stipulated number of tenantry, the same persons often were admitted as tenants to different undertakers, and in the same seniory sometimes served at once as freeholder, leaseholder, and copyholder, so as to fill up the necessary number of each denomination. The whole scheme of colonization proved, in short, a miserable failure.
He was convinced that the heirs could not be robbed of their rights through the acts of a leaseholder, which legally was the status of Roger Morris. Astor was a good real-estate lawyer himself, but he referred the point to the best counsel he could find. They agreed with him. He next hunted up the heirs and bought their quitclaims for one hundred thousand dollars.
It really was almost identical with what we now call in the case of house property, "ground rent," and bore no proportion to the value of the produce that might be raised from the soil which the tenant held. The free tenant was neither a yearly tenant, nor a leaseholder. His holding was, to all intents and purposes, his own subject, of course, to the payment of the ground rent.
I paid Ersten a hundred thousand. Grand total: two hundred and thirty thousand." "I don't understand your figures," protested Lofty. "It's a private code," laughed the leaseholder, "but that's the price." "I won't pay it," threatened the young merchant. "Build your tunnel then," returned Johnny but pleasantly, nevertheless. "Don't let's be nervous, Lofty.
The owner grants a lease for a long period of time, usually ninety-nine years, for a ground rent, which is notoriously below the true economic rent of the land, subject to the condition that the leaseholder must erect upon the land and keep in good repair certain buildings, which on expiry of the lease will become the property of the ground owner.
If we had the farm, shouldn't we have the bad year ourselves, and why should the tenant have to stand the loss if it's too dry or too wet? It's our farm all the time, and how can he avoid it? It's often seemed cruel to me when the leaseholder always has to pay the same rent, whether or no.
Will the tiller, now the owner and no longer only the leaseholder, go back from his evil ways of thriftlessness and neglect, and instead of being content to live just above the line of starvation, will he educate himself up to those artificial wants which only industry can supply?
In South Australia the solution will probably be in superior facilities for opening up the interior or unoccupied lands, greater fixity of tenure to the leaseholders, restriction of the land open to the operation of the system of selection, easier terms to the selector, and greater encouragement to both selector and leaseholder to improve their holdings.
He was convinced that the heirs could not be robbed of their rights through the acts of a leaseholder, which, legally was the status of Roger Morris. Astor was a good real estate lawyer himself, but he referred the point to the best counsel he could find. They agreed with him. He next hunted up the heirs and bought their quitclaims for one hundred thousand dollars.
Yet Fate might well have chosen a more appropriate ambush in any one of a hundred of the strange clippings which were grist to the Ad-Visor's mill. Out of a bulky pile of the day's paragraphs, however, it was this one that leaped, significant, to his eye. WANTED Ten thousand loathly black beetles, by A leaseholder who contracted to leave a house in the same condition as he found it.
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