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Real estate terms that start with N
Letter N
Bare ownership, bare owner
Bare ownership arises from the distribution of the right of ownership between two persons:
The usufructuary, who can use the property and reap the fruits, in compliance with the rights of the bare owner,
The bare owner, who retains the right to give or sell the property, in compliance with the rights of the usufructuary.
Bare ownership constitutes, technically, a dismemberment of property. It is frequently born during a donation or an inheritance. The law divides the reparations and the payment of taxes between the bare owner and the usufructuary.
The usufructuary, who can use the property and reap the fruits, in compliance with the rights of the bare owner,
The bare owner, who retains the right to give or sell the property, in compliance with the rights of the usufructuary.
Bare ownership constitutes, technically, a dismemberment of property. It is frequently born during a donation or an inheritance. The law divides the reparations and the payment of taxes between the bare owner and the usufructuary.
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