What is the difference between usufruct and Habitatio?
What is the difference between usufruct and Habitatio? He cannot sell the fruits or lease the property. Habitatio or residency grants a person and his family the right to live in someone else’s house without changing the essential qualities of the property. Unlike usus, habitatio permits the holder of the right to lease the property.
How do you create a usufruct?
A usufruct can also be created in a notarial deed of cession or retained by the seller when selling a property to reduce the amount of estate duty or transfer duty payable. When this is considered, it is important to be aware of the possible tax implications for the parties involved, both in the short and long-term.
Can a usufruct be sold?
While the usufructuary can rent the property out, they are not allowed to sell it or bequeath it to another party.
What is another word for usufruct?
Synonyms: absolved, absquatulate, accrue, acquit, adam, adjourn, all the way, allow, allow for, analyse.
