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Results for Usufructuary Right
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Right that allows the use of property that belongs to another. The owner of land that bounds or contains a natural water channel has a usufructuary right to use of the water. The water itself is considered to be held by the public with all adjacent property owners holding rights to its use. Restrictions on that use vary under state law.
Interests that provide for the use of property that belongs to another. Compare with Emblement.
Example: The owner of land that bounds or contains a natural water channel has a usufructuary right to use of the water. The water itself is considered to be held by the public with all Adjacent property owners holding rights to its use. Restrictions on that use vary under state law.
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Copyrights:
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 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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