Who is in charge of Leased or Concession Contracts on land in Nicaragua?
On the flip side, the Central Government granted each of the responsible parties the right to create concession or lease contracts on the land. The intention here was to create income to cover the costs involved in having people secure the coasts. Whether the contract for the land is Concession or Lease, depends on the land itself and the entities in charge.
How Long are Concession or Leased Contracts for Land?
In years past, most lease and concession contracts where heard for long time spans, these were usually for 20 to 99 years. as of 2013, many of these contracts are now 1 years long with an automatic renewal. These lands are now much less attractive to foreign investors.