usufruct

the right of use of another's property without destroying or consuming that property. The concept derives from ROMAN LAW, and is in general use in the social sciences to designate property relations whereby either property ownership, particularly in land, is not established within a society, or where use rather than ownership may be the most important aspect of property relations.

Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Usufruct

in ancient Rome, the right held by one person to use property belonging to another and to enjoy the benefits and profits derived therefrom, without, however, changing the substance of such property. Usufruct was a type of personal servitude established for the use of an individual, either for life or for a designated period, without the right of alienation or transfer through inheritance. Widely practiced during the Middle Ages, usufruct became common in bourgeois law, as in France; it was usually regarded as an independent real right.

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References in periodicals archive

The Law also restricts a freehold owner from dealing with land that is subject to Musataha or usufruct rights.

Foreign Ownership of Land in Abu Dhabi: A Major Reform

In an earlier statement, the Governor of South Sinai, Khaled Fouda, stressed that any investor who wants to build a solar power plant in the governorate will receive the land using the system of usufruct in exchange for 2% of the value of energy produced annually.

Egypt fixes tariff for solar power plants usufruct rights at 2% of production

Usufruct may be constituted: (a) by law, as in MSBFI's case; (b) by agreement: (c) in a last will and testament; and (d) by prescription.

Understanding Manila Seedling's usufructuary rights

As per the agreement, Al-Khonji Real Estate & Development LLC "AQAR" was granted the usufruct right to develop a land area of approximately 661 thousand square meters to construct a touristic and real estate project to be executed in numerous phases, in consideration of a total approximate cost of RO 390 million, and it is expected that the project will create almost 4,000 direct jobs when the project gets completed in 2019, according to Oman News Agency (ONA).

Deal inked to construct tourist project

Qatar has limited areas which are marked under freehold and 'usufruct' status, which is a right of enjoyment.

Qatar residential ROI 'top Mideast'By Santhosh V Perumal

3 of 2006 specifying the areas where non-UAE nationals may own real estate properties in Dubai and its amendments, non-citizens are allowed to acquire the usufruct right (life interest) for a period not exceeding 85 years for property located on piece of land No.

New areas in Dubai where expats can own property

881 of the 2010 Regular Legislative Session of Louisiana adopted a comprehensive revision of the Louisiana Civil Code provisions on the law of usufruct, which are found in articles 535 through 629 of the Louisiana Civil Code.

2010 revision of the law of usufruct

"Bin Talal has agreed on the new terms made by the Egyptian Government, selling 10,000 feddans and another 15,000 feddans in usufruct," Mohamed Gamal Eddin, a legal advisor to the Kingdom Agricultural Development Company (KADCO).

Saudi tycoon to sign land deal in Egypt soon

They will also take notice of usufruct and traditional rights of the people.

Centre looks at shift in policy to curb illegal mining

Zoo (Oculis Investments), a subsidiary of San Leon Energy PLC (San Leon Energy) (SLE.LN), has received the Gdansk W concession for oil and gas reconnaissance and exploration and the mining usufruct contract.

Oculis Investments receives Gdansk W concession for oil and gas reconnaissance