- Emphyteusis
The Law of Emphyteusis is a right, susceptible of assignment and of descent, charged on productive
real estate , the right being coupled with the enjoyment of the property on condition of taking care of the estate and payingtax es, and sometimes the payment of a smallrent .Akin to a system of
serfdom , this practice emerged in someSouth American colonies during the time of colonization. Based onRoman law , the Spanish preserved it and brought it to the colonies. Of Roman origin, the practice of emphyteusis appeared in the early empire and was initially granted by the state for agricultural purposes, or for building on land.Such a lease involves the dismemberment of a "usus", "fructus", and "abusus" to an emphyteutic lessee, and typically includes:
* An immovable;
* Right to make full use of immovable;
* A term stipulated in the agreement; and
* Obligation to make improvements that durably increase the value of the land, which will belong to land owner at the end of emphyteusis.Emphyteusis is typically created for a term of 10 - 100 years. When a emphyteutic lease ends, the owner regains real rights of "usus", "abusus", and "fructus" to the immovable.
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