I've read somewhere on the internet (real reliable citation eh?) that land ownership in Palau is virtually if not literally all by the natives. Land ownership is denoted by some kind of "beads" (the Palauan 'deed', perhaps?) which can be worth significant amounts of money and which are exchanged at times like marriage, death, etc. and these beads can be worth $$,$$$ USD. I think where I was reading this from said a 99 year lease was about the best you could expect to do. -mike, who is by no means an expert