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Ownership
оқуды бастаңыз
Legal right to the exclusive enjoyment of a thing. It can be asserted against the whole World.
Includes in particular the right to: (1) use a thing, (2) profit from a thing, and (3) dispose of or encumber a thing. Such right is always subject to the applicable law & social co-existence rules prohibiting causing harm to others.
co-ownership (joint ownership, joint title)
оқуды бастаңыз
= more than > 1 owner of the same thing at the same time.
joint tenants
оқуды бастаңыз
own jointly the entire property
tenants in common
оқуды бастаңыз
own fractional shares
Real property
оқуды бастаңыз
(real estate, immovables)
· land = plots/parcels of land, · houses, · units (flats, apartments).
Personal property
оқуды бастаңыз
(personalty) = not real property
(1) tangible = chattels (movables) eg.: cars, merchandise, jewelry, (2) intangible = rights eg. shares, bonds, patents and copyrights.
Condominium (condo)
оқуды бастаңыз
= a unit owned by individuals who also jointly own common parts of the property, such as the grounds and building structure.
Perpetual usufruct art. 232 § 1 kc
оқуды бастаңыз
Under specified conditions plots of land owned by the State Treasury or the local government (municipality) may be given to a perpetual usufructee with the right to use and collect profits, usually for the period of 99 years.
The rights of perpetual usufructee are nearly as wide as the owner's. He may for eg. sell his interest in the land or take out a mortgage against it.
usufruct
оқуды бастаңыз
= right to use and collect profits
easement
оқуды бастаңыз
· ~ appurtenant · ~ in gross · line ~
pledge
оқуды бастаңыз
· pledge · registered pledge · lien [czyt: 'li:ən]
the housing co-operative ownership right to a unit
оқуды бастаңыз
Compare: the housing co-operative tenancy right to a unit
mortgage
оқуды бастаңыз
= transfer of interest in real estate to secure a repayment of debt
· statutory lien (until 5 June 2001) · (registered) statutory lien · mortgage by legal charge (until 20 February 2011) · mortgage by demise

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