Definitions for "Usufruct"
Related Terms:
Bundle of rights, Property rights, Interest, Servitude, Incorporeal rights, Ownership, Notorious possession, Easement, Fee simple estate, Easements, Vest, Cession, Quiet enjoyment, Grantor, Appurtenance, Adverse possession, Fee simple, Easement rights, Appurtenances, Future interest, Development rights, Abandonment, Profit à prendre, Undivided interest, Prescriptive easement, Right of way, Property, Prescription, Fee simple ownership, Owner, Seizin, Tenure, Property right, Fee simple absolute, Squatter, Right of ingress, Right to use, Rtu, Freehold, Alienation, Reservation, Hereditament, Surface rights, Sitting tenant, Access right, Seisin, Tenure in land, Dominant tenement, Negative easement, Tenancy
The right of using and enjoying the profits of an estate or other thing belonging to another, without impairing the substance.
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 limited right to the use of a thing
The right to use, enjoy, and benefit from property belonging to another.
(1) the right to the use and enjoyment of another's property and its profits, (2) the right to use and enjoy the profits and advantages of something belonging to another as long as the property is not damaged or altered in any way. [Reference: the Hague Regulations stipulate that "the occupying State shall be regarded only as administrator and usufructuary of public buildings, real estate, forests, and agricultural estates belonging to the hostile State, and situated in the occupied country. It must safeguard the capital of these properties, and administer them in accordance with the rules of usufruct." Hence, the occupying power does not have the right of sale, unqualified use, or expropriation of such property. Moreover, as administrator or usufructuary the occuping power should not exercise his rights in such a wasteful and negligent manner as seriously to impair the property's value.
The right to use property--or income from property--that is owned by another.
the right of enjoying the use and advantages of another's property, short of the destruction or waste of its substance.
The right to enjoy and use a thing that belongs to another and to take all the income and utility of the thing as long as the substance of the thing is not altered. The usufruct of money or consumables implies the right to use the thing entirely up.
The right to use and profit from land belonging to others or to a larger entity, e.g., to a tribe, community or collective
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.
the right of enjoying the fruits of property
A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else's property (provided that it isn't damaged).
Usufruct is the legal right to use and derive profit or benefit from property that belongs to another person, as long as the property is not damaged. In many legal systems of property, buyers of property may only purchase the usufruct of the property.