With the recent signing into law of Republic Act No. 12252, foreign investors may now lease private lands in the country for an aggregate period of not more than 99 years.

The premises that may be leased can be used solely for approved and registered investments and shall comprise such area that may be required for the investment as may be agreed upon by the parties, subject to existing government regulations.

Prior to the enactment of this law, foreigners were allowed to lease lands for 50 years, renewable for another 25 years, or a maximum period of 75 years.