Half lease

Half-lease is also referred to as partial construction, half-construction, half-division economy, half-part economy, Métayage (France), Mezzadria (Italy) or Fâcherie (Provence).

It is a lease in which the landlord provides tools and seeds in addition to the land, while the leaseholder only brings in his labor. In contrast to a full lease, the lessee therefore needs very little capital. The rent is usually calculated in equity management as a proportion of the income. This decreases the incentive to invest in the tenant and the owner, as they each not full of, from the amelioration produced, differential pension benefit (as with full lease or Gutswirtschaft ). The land yields in agricultural conditions in which half-lease predominates, therefore often fall behind those in which full lease is the rule. The lessee's dependence on the owner is often increased by debt.

Although already known in antiquity , the half-lease was most widespread in early modern southern and western Europe. In the underdeveloped areas of Europe, Asia and South America, however, it remained dominant for a long time, in connection with semi-feudal structures, and was only largely dissolved in the context of comprehensive agricultural reforms .

Half lease

See also

literature