User:Octavius/Estate Reform

Land Classification

Land is classified according to who is designated an overseer and director of its production:

• Titled Land: land that has been granted to a peer, management over which is tied to inheritance of the peerage, so that the peer and their house is financially supported by the land's productivity
• Endowed Land: land that has been granted to a corporate body as an endowment, so that the corporate body is financially supported by the land's productivity.
  • Municipalities: endowments that have been granted to a municipal corporation. Plots are then rented out to denizens to construct and own the buildings therein.
• Imperial Land: land that is directly managed under the purview of the Office of the Lord Lieutenant; profits derived from the land's productivity are fed directly into the Fiscus

Estate Organization

All the above land shall be organized into estates, which act as a type of municipal corporation that serves the interests of the property owner. Each estate shall have two elected officials, who are elected by the denizens residing within the estate:

• Reeve, overseer of estate operations, delineates work schedules and duties for the estate's bound denizens, contracts with the estate's unbound denizens for other services and products.
• Clerk: assists the reeve by handling the estate's paperwork, including the delineation of plots.

Unbound denizens may lease land for various uses, upon which improvements may be constructed (detached homes, mixed-use high rises, factories, dams, etc) that are owned by the denizen. In the case that rent is in arears, the estate may sue the denizen for ownership of those improvements for compensation, at which point it becomes estate property.

Profit Sharing

• Taxes shall no longer be levied upon real estate, nor upon corporate revenue, nor upon corporate profit.
• The profits produced through the renting of lots on the estate and through the productivity of estate property shall be shared in this manner:
  • A two-quarter share shall be retained by the entitled owner of the estate.
  • A one-quarter share shall be taken up by the lord paramount (i.e. the peer who has imperial immediacy over the region).
  • A one-quarter share shall be taken up by the Imperial Fiscus.