🗺️ Type of lands

LandDAO's definition of "land ownership" is leasehold ownership for a defined number of years, and not freehold ownership. Residential lands traded on LandDAO are assigned a 30 to 50-year leasehold, depending on the specific country, with a legal optional clause to renew for additional years.

Most countries do not allow foreigners to hold freehold land ownership. It is also not common for citizens to have freehold ownership in their country. While citizens may have a 10-20 year longer leasehold than foreigners, in most countries both citizens and foreigners are subject to approximately 50-year leasehold ownership with a renewal option.

Consequently, freehold ownership of land is not a relevant option to consider when evaluating lands in general. Therefore, if a country's land laws allow foreigners to hold leasehold ownership, LandDAO defines it as a country that allows foreigners to own land (which is LandDAO's definition of land ownership).

LandDAO is focused on two main types of land:

• Residential Lands: Parcels that can be developed into homes for people to live in. These lands are targeted toward private land buyers, real estate developers, and land price speculators.
• Agricultural Farm Lands: Lands suitable for farming and agribusiness. These lands are targeted toward private and commercial farming companies, as well as land price speculators.

A farm lease contract can be for a minimum duration of 5 years with an option to renew at the end of each lease period. LandDAO operates agricultural farmlands only in certain countries.