An Emphyteutic lease is a type of real estatecontract specifying that the lessee must improve the property with construction. The term is commonly used in Quebec. These sorts of leases are usually associated with government properties. Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... A contract is any legally-enforceable promise or set of promises made by one party to another and, as such, reflects the policies represented by freedom of contract. ... ...
External links
Treasury board of Canada Real Property Lexicon (http://www.tbs-sct.gc.ca/rpm-gbi/lexicon-lexique/term-terme.asp?Language=EN&id=809)
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