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Leasehold systems offer a flexible form of land tenure that can be designed to provide an ongoing stream of revenue to finance public infrastructure. Leasing public land has long been advocated as a viable land tenure option for former socialist countries and other transitional economies. However, the debate about land tenure has been influenced more by ideology and preconceptions than by careful study of existing leasehold systems. This book examines such systems and presents recommendations for their future role.
Steven C. Bourassa was the KHC Real Estate Research Professor and chair of the Department of Urban and Public Affairs at the University of Louisville.
Yu-Hung Hong was a fellow at the Lincoln Institute of Land Policy.