Pretty interesting. It says that a main point of these insane term leases was for the ‘rent’ to essentially become inconsequential after multiple generations worth of inflation.
It also says the rate-term of Guiness’ lease was £45 per year, yet the company decided to abandon the lease and buy the property outright.
How good of a deal could they possibly have gotten that it was worth it to end a 9,000 year $4.50/mo lease??
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