a legal right to use and derive profit from property belonging to someone else provided that the property itself is not injured in any way
English language
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usufruct::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | legal right |
| Derivation | usufructuary |
Examples of usufruct
usufruct
The usufruct can be done for lifetime or a maximum of 30 years according to the law.
From the en.wikipedia.org
The oldest examples of usufruct are found in the Code of Hammurabi and the Law of Moses.
From the en.wikipedia.org
Here usufruct is distinct from a share, which may be held in perpetuity.
From the en.wikipedia.org
They were then forced to work on their own usufruct lands for the benefits of the invaders.
From the guardian.co.uk
Louisiana employs a similar mechanism in successions called usufruct.
From the en.wikipedia.org
Thus, in this usufruct system, absentee ownership is illegitimate.
From the en.wikipedia.org
Title to assets does not pass, and the usufruct disappears on death or at the end of a term of years.
From the en.wikipedia.org
A usufruct is distinct from a trust or similar settlement.
From the en.wikipedia.org
This is called usufruct land ownership.
From the en.wikipedia.org
- A legal right to use and derive profit from property belonging to someone else provided that the property itself is not injured in any way
- A system of land tenure where land is communally owned and people have free access to use it.
- A legal term from the Roman Empire (in Latin, usufructus), meaning "using the fruit" of land claimed by the State without injuring or destroying the ecological infrastructure.
- The right to use and enjoy the property of another to the extent that such use and enjoyment does not destroy or diminish its essential substance.
- Right of enjoying the use and advantages of another's property short of destruction or waste of its substance.
- The holder of the usufruct of a property is entitled to use and gain from the property but also be taxed. The fine ownership and the usufruct are used when a parent buys property in the name of a minor child or when the income derived from exploitation will lead to a higher tax bracket.
- From ancient Roman law (and now a part of many civil law systems), "usufruct" means the rights to the product of another's property. For example, a farmer may give a right of "usufruct"of his land to a neighbor, thus enabling that neighbor to sow and reap the harvest of that land.
- A real right in a property owned by another, normally for a limited time or until death, one common example is for an older person to give the family homestead to a child while retaining the right to live on the property
