Fomu ya Makadirio ya Kodi ya Ardhi.. Mmiliki ni : It is the basic part of the rent paid … We look at the pros and cons of this type of deal. In a land lease, you're simply purchasing the dwelling and paying rent on the land to the landowner. Ministry of Lands, Housing and Human Settlements. Land Rent in exploitative socioeconomic formations, that part of the surplus product created by the direct producers in agriculture and appropriated by the owners of the land. “Rent is the income derived from the ownership of land and other free gifts of Nature.” He further called it ‘Quasi Rent’ which arises on the manmade equipment’s and machines in the short period and tend to …