noun 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
Usufruct can be granted in real estate transactions, allowing one party to use the property while another retains ownership.
Usufruct refers to the legal right to use and enjoy the property of another, without damaging or altering it.
Usufruct can impact financial decisions and investments when considering property rights and usage agreements.
Usufruct may be considered in estate planning to determine how assets are distributed and managed after death.
In legal writing, usufruct is often used to describe the right to use and enjoy someone else's property, without owning it.
Psychologists may use the concept of usufruct in discussing issues related to boundaries, control, and ownership in therapy sessions.
Real estate agents may encounter usufruct rights when dealing with properties that have shared ownership or usage arrangements.
Estate planners may consider usufruct when creating wills or trusts that involve granting someone the right to use or benefit from certain assets without full ownership.