improving lease
noun1
Australia, Historical An extended lease to induce the tenant to make improvements to the premises.
- Cheltenham Farm on the Canning River, consisting of 5,300 acres, belonging to Messrs Clark and Spyers, will be let on an improving lease at a moderate rent. There is a good house on the property, and 14 acres of excellent soil have been cultivated. The straw will be given up to the tenant. This is an excellent station for a store and public House.1833 March 2, G. Leake, The Perth Gazette and Western Australian Journal, FARMS TO LET: