Definition, Meaning & Synonyms

usufruto

Noun

/juːzəˈfrʊtoʊ/

Definition

A legal right to enjoy the use and advantages of another’s property without damaging it.

Examples

In many countries, families create a usufruct agreement to secure living arrangements while passing property to heirs.
After inheriting the house, she retained usufruct rights, allowing her to live there until her passing.
The usufructuary has the right to rent the property, making it a profitable investment.

Meaning

Usufruto is a concept primarily found in civil law systems, particularly in Latin American and European legal traditions. It allows a person, known as the usufructuary, to use and derive profit from a property owned by another person, known as the bare owner, as long as the property’s substance is preserved.