ABSTRACT
In the National Fund system of hereditary leaseholds—as in every other similar system—a clear line of demarcation is drawn between ownership and possession. Actual ownership is vested in the Jewish people with the Jewish National Fund acting as its agent, while the settlers are in possession of the land, which they cultivate. The National Fund lease is limited in time. It runs for forty-nine years, with option to the lessee to renew for a similar period. The time-limit was adopted in order to draw a clear line between ownership and possession. During the life of the lease, the tenant farmer, except for a few restrictions, may do as he pleases with his farm. He is, for instance, free to sell his lease or his equipment, though the approval of the National Fund is required for the sale. The National Fund lease, as stated, can be bequeathed.
