Usufruct
The right to use another's property and draw its proceeds.
Usufruct allows a person to make comprehensive use of another's property and to draw its proceeds (for example, rents) without being the owner. It is common in transfers of real estate to children, when the parents reserve the use for themselves.
The relevant statutes
§ 1030 BGB
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Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.