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Normally the right had originally been sold by the owner to the lessee when the land could not be sold freely due to entailment.
We use the concept of opportunity cost to compute the penalty to be imposed by the lessor on the lessee if land degradation is observed.
Specifically, we suggest that lessees are able to exert greater political pressure to receive lower rents when managers have more land to manage.
This early use generally denotes the recipient of a legal right: a grantee receives a grant, a lessee a lease.
In the event, land is leased out rather than sold, the lessor has full knowledge on the degradation activities of the lessee.
The final assumption adopted in this simulation is that lessors have full knowledge over land degradation activities of the lessees.
Upon receiving reports that the lessee had compromised safety standards, he insists on inspecting the pit himself.
However, the uncertainty of a long-term commitment may be a marginal deterrent, given that lessees may sublet the property.
This matching process was possible because the description of the piece of land in the lessor's declaration usually includes the name of the lessee.
A son, daughter, border or other inmate may be the owner or lessee of property as well as the head in the family.
Assignee is recorded in 1467, grantee 1491, lessee 1495, feoffee 1542.
Second, a lack of information on the true value of land on the part of the lessors could provide the lessees' with bargaining power.
Pothier's treatise provides a detailed description of the sort of carting services for which the lessee was responsible.
Sharecropping contracts (parceria) and colonia contracts were different from emphyteusis because they did not involve the sale of useful ownership from the owner to the lessee.
Pothier clearly establishes the rights that lessees held by virtue of their contracts.
