On Tue, Sep 27, 2005, Ian Johnston wrote:

> "What is a lease?  A lease is a document that is a legally binding agreement
> between the Government and you - the lessee. It is a written document that
> sets out the rights and obligations of lessees and states the purpose for
> which the land can be used."
> 
> There is a vibrant and well developed secondary market in leases.

Yup, but the investment into developing suitable land for leasing is
quite high. You don't just "invent" new leases. Its a poor example
here as the overhead of creating new domain names is much, much lower
than developing property and services to lease.

There are also restrictions on what you can and can't do with your
property - for example, zoning restrictions. You can't pick up some
residential land and then lease it out to industry.




Adrian