Is La Cabana BRC built on property land or lease land?      

La Cabana was built on long-lease land, owned by the Government and leased to the COOP Association. The duration of the land lease is for an initial 60 years period. Upon expiration, the lease will be renewed for another period of 60 years.

In case the Government decides not to renew the long-lease, the Government would need to compensate the Association for the economic value of the construction on the land. The lease will expire in January 2050.