As discussed in the earlier blog post , there are different types of business rights. Today we will take a closer look at the following business rights:
A building right in Belgium is a right in rem that gives a person (the building owner) the right to have a building or construction on the property of someone else (the landowner). The right of superficies is recorded in a notarial deed and regulated by the Civil Code.
Important aspects of building rights in Belgium include:
Building rights are often used in situations where someone wants to build a building on land that is not their property, such as when building a house or commercial building on rented land. It is important to seek legal advice when establishing a building right to ensure that all legal requirements are met and that the rights and obligations of all parties involved are clearly recorded.
In short: A building right allows a person to erect and maintain a building on someone else's land. After expiry of the right of superficies, the building becomes the property of the owner of the land.
In Belgium, usufruct is a right in rem that gives a person (the usufructuary) the right to use and enjoy the fruits of a property, such as rents, leases or crop yields, for a specified period of time, usually for life of the usufructuary. Ownership of the property remains in the hands of another person or entity (the bare owner). This right is laid down in the Civil Code of Belgium, in articles 578 to 591.
Important aspects of usufruct in Belgium include:
Usufruct is often used in inheritances, where, for example, the surviving spouse receives the usufruct of the joint house, while the children inherit bare ownership. It is important to seek legal advice when establishing a usufruct to ensure that all legal requirements are met and that the rights and obligations of all parties involved are clearly set out.
In short: A usufructuary has the right to use and enjoy the fruits of a property, such as collecting rent or harvesting crops, for a specified period of time or for the life of the usufructuary.
An easement in Belgium is a right in rem that allows the owner of a property to exercise certain rights over the property of another. Easements are laid down in the Civil Code of Belgium and regulate specific situations in which the owner of the servient estate (the estate that is subject to servitude) has limited obligations towards the owner of the dominant estate (the estate that benefits from the servitude).
Easements can take several forms, including:
These easements are usually recorded in the notarial deed when purchasing real estate and are transferred from one owner to another. They remain in effect even if the property changes hands. If disputes arise over easements, the court can intervene to determine the rights and obligations of the parties involved.
It is important to seek legal advice when establishing easements to ensure that all legal requirements are met and that the rights and obligations of all parties involved are clearly recorded.
In short: These are rights in rem that restrict the use of a property, such as the right of way (right to pass over the land of another) or the right of view (right to receive light and air through the land of another).