Real Estate

What is a beneficial and how is it produced? The usufruct is a so-called limited tangible right “, which granted the usufruct not only individual rights, but the right to the full utilisation of the loaded object.” The right to the draw of fruits is comprised of the usufruct right”( 99 BGB), so the products and other output of the subject. Fruits,”specifically also the rental and lease interest receivable considered as legal fruits at a property. When the usufruct has the person entitled has not only a right to use draw against his party, but a right to use drawing to the loaded object, which acts against anyone. This makes the REM character”of the usufruct of and fundamentally distinguishes it from the lease, which has effect only between the Contracting Parties which have signed the lease contract,. The usufruct is regularly inalienable and non-transferable; its exercise can be left but to a third party. The Usufruct is also secured for this reason. The usufruct ENT look by order”. Ordered to immovable property, such as real estate, in particular houses and condos, the usufruct in the same way, as the ownership of the property is transferred: namely, according to article 873 BGB by agreement and registration in the land register. The ordering of the usufruct must be notarized notary as well as the transfer of ownership of the property or the condominium. Kiril Stawrew