Term | Definition |
---|---|
Emphyteusis (Emphytéose) |
Emphyteusis is the right which, for a certain time, grants a person the full benefit and enjoyment of an immovable owned by another provided he does not endanger its existence and undertakes to make constructions, works or plantations thereon that durably increase its value. Emphyteusis is established by contract or by will. The term of the emphyteusis shall be stipulated in the constituting act and be not less than 10 nor more than 100 years. If it is longer, it is reduced to 100 years.
|
88 Prince Street, Suite 201
Montreal, Quebec H3C 2M8
Tél: 514.844.4431