Liferent (Scots law)

Liferent (Scots law)

__NOTOC__"also called life-rent (Scots law)"

Definition

Liferent "(Scots Law)": the right to receive for life the benefits of a property or other asset, without the right to dispose of the property or asset.
* For example, if a man held a liferent on arable land with a house, he could, for the rest of his life, live in the house and cultivate the land, keeping the income for himself. He could not transfer the land or house to another person.
*A liferent might be set by law (as when someone died, it would apply to the surviving spouse); or it might be set as a private arrangement between individuals.The definition was constructed from the sources. [cite web
title = Scottish Language Dictionaries
url = http://www.dsl.ac.uk/dsl/
accessmonthday=March 1
accessyear=2008] [cite web
title = The Records of the Parliaments of Scotland to 1707
publisher = K.M. Brown et al eds (St Andrews, 2007), 1605/6/39
url = http://www.rps.ac.uk/
accessmonthday=February 15
accessyear=2008] [cite web
title = Dictionary, Lawyers-and-Laws.com
url = http://dictionary.lawyers-and-laws.com
accessmonthday=March 1
accessyear=2008] [cite web
title = The Free Dictionary by Farlex
url = http://legal-dictionary.thefreedictionary.com/
accessmonthday=March 1
accessyear=2008] [ cite book
last = Shumaker
first = Walter A.
coauthors = George Foster Longsdorf
title = The Cyclopedic Law Dictionary
edition = Second Edition by James C. Cahill
year = 1922
publisher = Callaghan and Company
location = Chicago ]

Additional explanations

ources and References

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