Usufruct Right: Property Usage and Legal Protection
🏡 What is Usufruct Right? Usufruct right is a strong legal protection that grants the holder usage and benefit rights over a property, independent of ownership. The person holding this right has the actual right to use and reside in the property until the usufruct ends.
📜 Ownership Transfer Does Not Invalidate the Right Even if the property is sold, donated, or transferred through a lifelong care agreement, the usufruct holder retains their right to use and reside in the property until the right expires. This is a crucial legal safeguard, especially for elderly individuals who want to securely stay in their homes.
⚖️ Limited Authority for the New Owner Although the new owner legally acquires the property, they cannot take possession, evict the usufruct holder, or restrict their usage rights until the usufruct right expires.
🔍 Usufruct Right Must Be Registered in the Land Registry Registering the usufruct right in the land registry ensures legal validity against third parties and provides additional protection.
❓ Frequently Asked Questions About Usufruct Rights
🛡️ Key Considerations in Property Transactions Properties with usufruct rights must be carefully examined before buying or selling, and legal consultation is highly recommended.
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