Time Limited Interests in Land

Author: Professor Cornelius Van Der Merwe; Professor Alain-Laurent Verbeke
Publisher: Cambridge University Press
ISBN: 9781107026124
Published In: June 2012
Format: Hardback , 576 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author

Details

A comprehensive comparative treatment of six instances of time-limited interests in land as encountered in fourteen European jurisdictions. The survey explores the commercial or social origins of each legal institution concerned and highlights their enforceability against third parties, their content and their role in land development. The commercial purpose of residential and agricultural leases is contrasted with the social aim of personal servitudes (and its common-law equivalent liferent) to provide sustenance for life to mostly family members making the latter an important estate planning device. Whereas the ingrained principles of leases and personal servitudes restrain the full exploitation of land, it is indicated that public authorities and private capital could combine to turn the old-fashioned time-limited institutions of hereditary building lease (superficies) and hereditary land lease (emphyteusis) into pivotal devices in alleviating the acute shortage of social housing and in promoting the fullest exploitation of pristine agricultural land.

• First extensive European research on the content and characteristic features of time-limited interests in land

• Highlights divergence in social policy to help readers understand how social justifications underlying different legal institutions can influence the principles ingrained in these institutions

• Underscores the important role the institutions of personal servitudes and lease can play in estate planning

General editors’ preface	xiii
Preface	xv
Notes on the contributors	xviii
List of abbreviations	xx
Part I Introduction and context1	1
1 Setting the scene	3
2 General introduction	12
3 Historical evolution of the maxim ‘sale breaks hire’	19
4 The many faces of usufruct	33
Part II Case studies	57
Case 1 Various instances of time-limited interests	59
Comparative observations	59
Austria	66
Belgium	72
Denmark	77
England	79
France	85
Germany	90
Greece	94
Hungary	97
Italy	103
Netherlands	104
Poland	106
Portugal	112
Scotland	117
South Africa	124
Spain	127
Case 2 What happens if land subject to a time-limited interest is conveyed to a third party?	132
Comparative observations	132
Austria	135
Belgium	137
Denmark	138
England	138
France	139
Germany	141
Greece	141
Hungary	143
Italy	144
Netherlands	145
Poland	146
Portugal	148
Scotland	149
South Africa	152
Spain	154
Case 3 What happens if land subject to a time-limited interest is attached in execution of a debt or the landowner becomes insolvent? Does a previously registered mortgage rank above a subsequently constituted time-limited interest?	157
Comparative observations	157
Austria	162
Belgium	164
Denmark	165
England	166
France	166
Germany	168
Greece	169
Hungary	171
Italy	173
Netherlands	174
Poland	176
Portugal	178
Scotland	181
South Africa	183
Spain	185
Case 4 What happens if the holder of a time-limited interest is dispossessed?	189
Comparative observations	189
Austria	192
Belgium	195
Denmark	196
England	197
France	198
Germany	201
Greece	202
Hungary	203
Italy	204
Netherlands	205
Poland	206
Portugal	207
Scotland	209
South Africa	210
Spain	212
Case 5 Duty of the holder of a time-limited interest to repair, replace and renew	214
Comparative observations	214
Austria	223
Belgium	227
Denmark	230
England	231
France	235
Germany	238
Greece	241
Hungary	245
Italy	247
Netherlands	250
Poland	251
Portugal	253
Scotland	257
South Africa	262
Spain	267
Case 6 Entitlements of the holder of a time-limited interest to fruits of agricultural property	270
Comparative observations	270
Austria	277
Belgium	279
Denmark	282
England	283
France	284
Germany	287
Greece	289
Hungary	294
Italy	296
Netherlands	298
Poland	301
Portugal	303
Scotland	306
South Africa	310
Spain	312
Case 7 To what extent may the holder of a time-limited interest convert his/her interest in the land?	316
Comparative observations	316
Austria	320
Belgium	321
Denmark	323
England	323
France	325
Germany	326
Greece	327
Hungary	328
Italy	330
Netherlands	331
Poland	332
Portugal	333
Scotland	334
South Africa	336
Spain	337
Case 8 Remedies of the landowner against misconduct by the holder of a time-limited interest	340
Comparative observations	340
Austria	344
Belgium	345
Denmark	347
England	348
France	349
Germany	350
Greece	351
Hungary	352
Italy	352
Netherlands	353
Poland	354
Portugal	355
Scotland	357
South Africa	359
Spain	360
Case 9 To what extent can a time-limited interest be sold or donated, burdened with a mortgage or a separate limited right, attached in execution proceedings and included in the holder’s insolvency assets?	363
Comparative observations	363
Austria	370
Belgium	375
Denmark	378
England	379
France	380
Germany	382
Greece	385
Hungary	387
Italy	389
Netherlands	391
Poland	392
Portugal	394
Scotland	396
South Africa	401
Spain	405
Case 10 Use of time-limited interests in land for land development	409
Comparative observations	409
Austria	413
Belgium	415
Denmark	415
England	416
France	416
Germany	419
Greece	420
Hungary	421
Italy	422
Netherlands	425
Poland	425
Portugal	425
Scotland	426
South Africa	429
Spain	430
Case 11 The effect of an option to purchase and an obligation to maintain in land development	431
Comparative observations	431
Austria	434
Belgium	435
Denmark	437
England	437
France	438
Germany	439
Greece	441
Hungary	441
Italy	442
Netherlands	442
Poland	442
Portugal	443
Scotland	444
South Africa	446
Spain	447
Case 12 Development of an existing building and land development by a public institution	448
Comparative observations	448
Austria	450
Belgium	450
Denmark	452
England	452
France	452
Germany	453
Greece	453
Hungary	454
Italy	454
Netherlands	456
Poland	456
Portugal	456
Scotland	457
South Africa	458
Spain	458
Part III Concluding remarks	461
Case 1	463
Case 2	471
Case 3	472
Case 4	473
Case 5	475
Case 6	478
Case 7	481
Case 8	483
Case 9	486
Case 10	490
Case 11	491
Case 12	493
Modern significance of time-limited interests in land	495
Appendix: the importance of the various time-limited interests in land in individual jurisdictions	498
Bibliography	507
General index	524
Country index	537