{"id":5493,"date":"2012-05-01T19:51:26","date_gmt":"2012-05-01T19:51:26","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=5493"},"modified":"2023-08-16T06:08:32","modified_gmt":"2023-08-16T06:08:32","slug":"usufruct-rights","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/usufruct-rights\/","title":{"rendered":"Rights and obligations of the usufructuary"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2012\/05\/law-office-thailand-9-1.jpg” title_text=”law-office-thailand-9-1″ _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

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Usufruct rights!\u00a0The usufructuary has the right to enjoy property belonging to others and to receive the income therefrom.\u00a0<\/span>This right is always temporary, the bare owner holding full ownership of the asset upon expiry of the usufruct.<\/span><\/span><\/p>\n

Bare ownership and usufruct<\/span><\/h2>\n

Full ownership is characterized by two notions: bare ownership, in the hands of the owner, and usufruct, in favor of the usufructuary.\u00a0In the case of a building, the bare owner does not live in the property and it is the usufructuary who is authorized to dispose of it.\u00a0This right is always temporary, the bare owner holding full ownership of the asset upon expiry of the usufruct.\u00a0The usufruct can be conventional (\u00a0<\/span>donation<\/span><\/a>\u00a0, sale, etc.) or inheritance.<\/span><\/p>\n

Rights and powers<\/span><\/h2>\n

A usufruct can be the right to live in a building or to receive interest on a sum of money.\u00a0In the case of real estate, the usufructuary has the right to live in or rent the property and to collect the rent.\u00a0If this usufruct relates to a sum of money or shares, the usufructuary can manage it and has the right to collect the income generated (dividends and interest) as long as the bare owner recovers the same sum at the end of the usufruct.<\/span><\/p>\n

Obligation<\/h2>\n

The usufructuary has the obligation to preserve and maintain the property, and to return it to the bare owner at the expiry of the usufruct.\u00a0The usufructuary must draw up an inventory of what he receives in usufruct so that the bare owner can check that everything is in order at the time of restitution.\u00a0If it is a building, the usufructuary pays the charges related to the enjoyment of the property, but it is up to the bare owner to take charge of major repairs.<\/span><\/p>\n

Can the usufruct be terminated?<\/span><\/h2>\n

The usufruct ends on the death of the usufructuary or on the expiry of the duration of the usufruct if a term has been agreed.\u00a0<\/span>It is also possible to terminate the usufruct by renunciation of the usufructuary.\u00a0<\/span><\/span>The bare owner can choose to ask the judge for forfeiture of the usufruct for abuse of enjoyment if he considers, for example, that the property has not been properly maintained.\u00a0At the end of the usufruct, the bare owner recovers his property without administrative formalities and without taxes.<\/span>
DAMY Law Firm<\/span><\/a>\u00a0, Nice, Rights and obligations of the usufructuary, Update 2022.<\/span><\/p>\n<\/div>\n

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Usufruct rights!\u00a0The usufructuary has the right to enjoy property belonging to others and to receive the income therefrom.\u00a0This right is always temporary, the bare owner holding full ownership of the asset upon expiry of the usufruct. Bare ownership and usufruct Full ownership is characterized by two notions: bare ownership, in the hands of the owner, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[309],"tags":[],"class_list":["post-5493","post","type-post","status-publish","format-standard","hentry","category-real-estate-law"],"yoast_head":"\nRights and obligations of the usufructuary - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Usufruct rights The usufructuary has the right to enjoy property owned by another person and to receive the income therefrom.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/usufruct-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rights and obligations of the usufructuary - 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