Usufruct Clause Samples
A usufruct clause grants one party the legal right to use and benefit from property owned by another, without transferring ownership. In practice, this means the usufructuary can live in, rent out, or collect income from the property, but cannot sell or significantly alter it. This clause is commonly used in inheritance or trust arrangements to provide for a spouse or family member while preserving the property for future heirs. Its core function is to balance the interests of different parties by separating the rights to use and enjoy property from the rights of ultimate ownership.
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Usufruct. This Lease creates only the relationship of landlord and tenant between Landlord and Tenant, and no estate in land shall pass out of Landlord. Tenant shall have only a usufruct, not subject to levy and sale and not assignable in whole or in part by Tenant except as specifically provided in this Lease.
Usufruct. Tenant’s interest in the Leased Premises is a usufruct, not subject to levy and sale, and not assignable by Tenant except as expressly set forth herein.
Usufruct. The buyer grants ▇▇▇▇▇▇ an exclusive usufructuary right in respect of the purchase item. This includes, in particular, any modifications, overhauls and refinements to the purchase item as well as the incorporation of the latter in a watch (non-exhaustive list). In return for granting the usufructuary right, the buyer is given a purchase option (see paragraph 6) on the watch, in which the purchase item is incorporated.
Usufruct. This lease shall create the relationship of landlord -------- and tenant between Lessor and Lessee; no estate shall pass out of Lessor, and lessee has only a usufruct which is not subject to levy and sale and may not be assigned except by Lessor's consent.
Usufruct. The parties hereby agree that the interest granted by Landlord to Tenant under this Lease is not an interest in real estate and is not a leasehold estate but is merely a usufruct.
Usufruct. This Lease creates only a usufruct and no estate in land shall be deemed to have passed to Tenant by reason hereof.
Usufruct. This Lease creates only the relationship of landlord and tenant between ▇▇▇▇▇▇ and Lessee, and no estate in land shall pass out of Lessor. Lessee shall have only a usufruct, not subject to levy and sale and not assignable in whole or in part by ▇▇▇▇▇▇ except as specifically provided in this Lease.
Usufruct. Tenant has only a usufruct under this Lease which is not subject to levy or sale, and no estate will pass from Landlord to Tenant. Tenant's rights to use the Premises are solely contractual.
Usufruct. The rights of Tenant hereunder constitute a usufruct, which is not subject to levy or sale. No estate shall pass out of Landlord.
Usufruct. This contract shall create the relationship of landlord and tenant between Landlord and Tenant; no estate shall pass out of Landlord; Tenant has a usufruct, not subject to levy and sale, and not assignable by Tenant except as expressly set forth herein.