Pastoral Lease - New Zealand

New Zealand

The statutory provisions of pastoral leases are covered by the New Zealand Crown Pastoral Land Act 1998 and the Land Act 1948. The holder of the lease has:

  • the exclusive right of pasturage
  • a perpetual right of renewal of the lease for terms of 33 years
  • no right to the soil, and
  • no right to acquire the fee simple of any of the land.

Pastoral leases are undergoing a voluntary tenure review process.

Read more about this topic:  Pastoral Lease

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