- •Time-Limited Interests in Land
- •The Common Core of European Private Law
- •Contents
- •General editors’ preface
- •Preface
- •Contributors
- •Abbreviations
- •1 Setting the scene
- •1. The scene
- •2. Balancing the interests: a handful of common problems
- •3. Time-limited interests arising by operation of law
- •2 General introduction
- •1. Overview
- •2. The hybrid character of time-limited interests in land
- •3. The approach and purpose of this study
- •3.1. Background
- •3.2. Drawing a geographical map of the law of Europe
- •4. The genesis of the book
- •4.1. Narrowing down the topic
- •4.2. Terminology
- •5. Structure of the book
- •3 Historical evolution of the maxim ‘sale breaks hire’
- •1. Introduction
- •2. The Roman-law approach
- •3. The ius commune position
- •3.1. Medieval learned law
- •3.2. From medieval learned law to the Prussian Civil Code
- •3.3. From the Prussian Civil Code to the German Civil Code
- •4. Conclusions
- •4 The many faces of usufruct
- •1. Usufruct in tax and estate planning
- •1.1. Transferring assets yet retaining control and income
- •1.2. Overview
- •2. The concept of usufruct
- •3. The traditional face
- •3.1. Control
- •3.2. Income
- •4. The modern face of usufruct
- •4.1. Control
- •4.2. Income
- •5. The Janus face
- •6. The twisted face
- •6.1. Default rules
- •6.2. Contractual expansion
- •6.3. Limits
- •7. Conclusion
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Comparative observations
- •Austria
- •Belgium
- •Denmark
- •England
- •France
- •Germany
- •Greece
- •Hungary
- •Italy
- •The Netherlands
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Case 1
- •Case 2
- •Case 3
- •Case 4
- •Case 5
- •Case 6
- •Case 7
- •Case 8
- •Case 9
- •Case 10
- •Case 11
- •Case 12
- •Belgium
- •Denmark
- •England
- •Germany
- •Greece
- •Hungary
- •Italy
- •Poland
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Bibliography
- •GENERAL BIBLIOGRAPHY
- •AUSTRIA
- •BELGIUM
- •DENMARK
- •ENGLAND
- •GERMANY
- •GREECE
- •HUNGARY
- •ITALY
- •THE NETHERLANDS
- •POLAND
- •PORTUGAL
- •SCOTLAND
- •SOUTH AFRICA
- •SPAIN
- •General index
- •Country index
- •Books in the series
g e n e r a l i n t r o d u c t i o n |
17 |
jurisdictions employ the terms ‘income-producing’, ‘usufructuary’ and ‘fruendi’ leases to distinguish ordinary leases from other leases. Here we preferred the term ‘income-producing’ leases. To overcome the difficulty of the English institution of liferent being embedded in the English law of trust giving rise to a mere personal right with little proprietary effect, the more familiar term ‘usufruct’ received from Roman law in the continental civilian jurisdictions and the mixed jurisdictions of Scotland and South Africa is used. The politically incorrect term ‘personal servitude’ is used to encompass the institutions of usufruct, the right of use and the right of habitation, despite its vivid reminder of the services owed by vassals under the abhorrent medieval feudal system of landownership. The term now signifies the inextricable connection of these rights with the life of the holders of these rights. Real difficulty was also experienced in finding an English equivalent for the institutions of superÞcies and emphyteusis. Since superÞcies essentially entitles its holder to improve the land by the construction of buildings,4 the term ‘hereditary building right’ has been settled for. The concept of emphyteusis was the hardest nut to crack. Since it entails a transferable and transmissible right, akin to ownership, to improve and exploit the land for a longer period of time, the term ‘hereditary land lease’ was decided upon.
4.3. ClassiÞcation of the national reports represented
This study contains three reports from jurisdictions following the German approach; six reports from jurisdictions modelled on French law origins; the English report from the prime common law jurisdiction; the Scottish and South African reports representing mixed jurisdictions; the Danish report from the Scandinavian legal family and two reports from the Eastern European jurisdictions of Poland and Hungary. In the Case studies in Part II, the reports are arranged in alphabetical order.
5. Structure of the book
This work comprises three parts. Part I consists of four chapters. Chapter 1 sets the scene in the Prologue. Chapter 2 provides a general introduction explaining the legal context of time-limited interests in land. This is followed by Chapter 3, which contains a historical review of the evolution of the maxim ‘sale breaks hire’ – which gradually led to
4 In some jurisdictions planting and sowing are also allowed.
18 i n t r o d u c t i o n a n d c o n t e x t
the sitting tenant acquiring some kind of proprietary interest in the leased land. Chapter 4 examines the many faces of usufruct, especially when utilised as an estate-planning mechanism.
Part II consists of twelve case studies. Case 1 requests the enumeration of the various instances of time-limited interests in land that are recognised in the various jurisdictions. Cases 2–4 deal with the enforcement of time-limited interests against third parties. These cases examine the instances where the land subject to the time-limited interest is conveyed to a third party, attached and sold in execution by the creditors of the landowner or where the landowner becomes insolvent. It also examines the cases where the holder of a timelimited right is dispossessed. Cases 5–9 assess the content of the various instances of time-limited interests. These cases consider the obligation of the holder of a time-limited interest to repair, replace or renew the object of his/her interest; the entitlements of the holder to the fruits of agricultural property; the question whether a holder may convert his/her interest in the land to make it more profitable; the remedies of the landowner against misconduct by the holder of the time-limited interest; and the entitlement of the holder to transfer his/ her time-limited interest. Cases 10–12 are concerned with the role of various forms of time-limited interests in land development, the options to purchase and the maintenance obligations that may arise from the use of these mechanisms. These are followed by a consideration of how a developer can commercialise existing buildings and how public institutions can use time-limited mechanisms to give a new lease of life to unimproved land.
Part III contains an enumeration of the similarities and differences between the various instances of time-limited interests, a summary of the main conclusions of this study and a brief indication of the modern practical significance of each of these legal institutions.
