What is Leasehold System of land tenure? The leasehold system type of land tenure requires the payment of certain amount of money for the use of the land over a stated period of time.
In other words, leasehold tenure system is a special contract existing between a person called the leasor and another called the leasee for the lease of a piece of land for a specified period of years, which may be ten years, twenty years fifty years. The lessee will exercise his right on the use and maintenance of the land for the period of lease.
Advantages of Leasehold System of land tenure
It ensures the use of available land. It enables the farmer to maximize the use of the land in terms of maintenance of the soil fertility in order to improve the productivity of crops
Disadvantages or Problems of Leasehold System of land tenure
(i) The land cannot be used as security to obtain loan from commercial banks. (ii) The farmer cannot develop the land beyond the lease agreement terms. (iii) Perennial crops like oil palm, cocoa, rubber. etc cannot be grown.
Types of labour
- unskilled labour
As a result of their low level of education, with some kind of training, they are usually employed as guards, messengers, cleaners, gardeners in companies and other places of employment.
- Skilled labour: This category of labour makes use of their mental effort in productive activities. Skilled labour has undergone a relatively long and specialized type of training in institutions of higher learning.
They usually hold administrative and managerial positions, e.g. accountants, lawyers, engineers, medical doctors and teachers. Jobs by this category of workers are popularly referred to as white collar jobs.
Characteristics or features of land
Land is immobile: Land cannot be moved from one geographical location to another
The supply of land is fixed: It is practically impossible for man to increase the quantity of land.
- Land is a free gift: Land is given freely by nature.
Land is subject to diminishing returns: When a piece of land is frequently bought under cultivation, it becomes less productive
Variability: The quality and value of land varies from one place to another as some areas of land are more fertile than others
Rent: The reward for land is classified as rent
Land has no cost of production: No cost was involved in bringing land into existence
Land is heterogeneous: No two parcels of land are the same in value or in other characteristic