Lease holds in Rotterdam may be turned in to free holds

The Municipality of Rotterdam has decided in principle that present lease hold contracts may be bought off to turn them in to free holds as soon as possible after 1 January 2003.

Presently there are some 30,000 lease hold contracts in Rotterdam with house owners, housing associations, companies, shop owners, offices and non-profit institutions. Since 1970 all land has been issued in lease hold. Annual proceeds amounts to EUR 15 mln.

(source: Municipality of Rotterdam)

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