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Are the plots lease or free hold?

April 26, 2017Free hold lease plots

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Are the plots lease or free hold?

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Plot is leased from the Addis Ababa City Administration for 99 years. As to the land lease, 20% is already included with the first payment advanced by the buyer for the house. The balance 80% will be settled by the buyer by installments over 20 years after the end of the grace period.