usufruct


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Related to usufruct: usufructuary
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  • noun

Words related to usufruct

a legal right to use and derive profit from property belonging to someone else provided that the property itself is not injured in any way

References in periodicals archive ?
We understand that Foreign Owners and Qualifying PJSCs that currently have a leasehold, usufruct or Musataha interest registered on the Real Estate Register in respect of land within the relevant areas will be able to apply for the conversion of such interests into a freehold title.
This is in accordance with the rules and provisions in coordination with the concerned authorities who will specify and allocate sites in each governorate for the projects with the right of usufruct. They will also provide general services such as water, electricity, gas, sewage, roads, communications and other such facilities in the project area.' He said that Article 21 of the law allows that the project investor, or through a third party, can import whatever it requires for its establishment, expansion and operationalisation.
He pointed out that the number of usufruct agreements signed by SFZ with investment companies reached 69, with an investment volume of more than US$5.36bn.
During the first six months, a total of 11 usufruct agreements had been signed across Oman involving various fields, including carbonated beverages, food industries, solar panels, two gypsum boards factories, support warehouses for import and export, in addition to laying the foundation stone of the plant, the Knowledge Academy for the development of the capabilities of the Omani youth and the pact to set up a sugar factory, it stated.
Government sources told Daily News Egypt that the governorates have started to grant the lands, under their jurisdiction, to companies and investors to establish solar power plants on usufruct rights for 25 years.
In a visit to the "home along da riles" community, Arroyo was asked by residents to help them convert their usufruct agreement into full property owners in order to ensure better future for their family.
As per the usufruct agreement, a soft drinks and juices factory will be set up with a capacity of 200 million bottles per annum.
Surely, the Quezon City government's actions violate the usufruct constituted in favor of MSBFI over the land.
Sharjah's sophisticated infrastructure and legislative frameworks encourage the sector to flourish, especially with the introduction of the usufruct right that allows non-UAE citizens to own properties on a 100-year leasehold basis - Marwan Bin Jassim Al Sarkal, executive chairman, Shurooq
In all cases, the right of usufruct granted to a non-Qatari shall not expire with his death and shall be transferred to the heirs unless both parties agree otherwise.
The Sangguniang Panlalawigan will write to Nlex for a usufruct for a particular island in the San Fernando North Exit,' he added.
Egyptian Media Production Company - Photo courtesy of the company's website CAIRO -- 21 February 2018: Egyptian Media Production Company announced that the company's board of directors approved the sale of the right of usufruct for the recreational 'Magic Land' to one of Al Hokair's subsidiaries, according to a filling at the Egyptian Exchange (EGX).
Following intense negotiations between the ministry and Luxor governorate, the required land will be allocated on a usufruct system for 25 years, according to a report by Daily News Egypt.
Muscat, June 27 (BNA): The Special Economic Zone Authority in Duqm (SEZAD) granted Al-Khonji Real Estate & Development LLC "AQAR" the usufruct right to construct a touristic project that includes hotels, residential and commercial complexes, and a recreational park.
Drawing on a number of Islamic legal scholars both modern and historical, he considers such aspects as matrimonial institutions abolished by Islam, disputed marriage types that are still practiced today, usufruct marriage among Twelver Shi'ites, and travel marriage in Islamic jurisprudence and social tradition among Sunnis.