Démembrement De La Propriété

Démembrement De La Propriété

Note: this term is used mainly in France, but may be used in other jurisdictions

Real Estate meaning of Démembrement De La Propriété

In the words of the Encyclopedia of Real Estate Terms about Démembrement De La Propriété: Literally ‘dismemberments’ or fragmentation of property, i.e. dividing ownership of land or real property into separate or fragmented parts; partial ownership. “Property is subject to divided interests when, for the conveyance of full ownership, the concurrence of two or more persons, having rights or powers in the subject matter, would be necessary.” Amos & Walton’s Introduction to French Law (3rd ed. 1967), p. 130. These ‘real rights’ into which property can be divided are: nue-propriété (bare ownership); usufruit (usufruct); a servitude (easement); usage and habitation; concession immobilièere and the right to the superficie; and the long leases — bail emphytéotique (emphyteotic lease) and bail à construction. This subdividing of ownership may be extended to include a mortgage, or a conditional interest, e.g. a life interest. However, a divided interest must be limited in its duration, as it is a rule of French law (akin to the rule against perpetuities in common law) that such right should not be unduly prolonged so as to prevent absolute or complete ownership being transferred or alienated within a reasonable period of time. See also bundle of rights theory, droit réel, propriété

Resources

See Also

Notes and References

L. Bach. Droit Civil, Tome I, Introduction à l’étude du droit, Les personnes physiques, La famille, Les biens, Les obligations, Les sûretés, (13ème éd. Paris: 1999), 3;eacute;me Partie, Titre 2, ‘Les Démembrements de la Propriété. G. Goubeaux et P. Voirin. Manuel de Droit Civil, Tome 1 (30ème éd. Paris: 2005), Quatriéme Partie, Titre II – ‘Les Démembrements de la PropriétéDroit Civil, Les Biens (7éme éd. Paris: 2006), §§ 717–20.


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