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ARTICLE · 04 AUGUST 2022

Market Intelligence Thought Leadership Award Winner

What Is A Usufruct And Why Is It Important?

Many South Africans who own property want to ensure that the rights of their loved ones are protected concerning the property. They want to ensure their loved ones have control of the property...

South AfricaReal Estate and Construction

Many South Africans who own property want to ensure that the rights of their loved ones are protected concerning the property. They want to ensure their loved ones have control of the property, enjoy the benefits of the property, and reduce the possibility of any disputes. Various mechanisms can be used to ensure this. One of the most commonly used mechanisms is personal servitudes like a usufruct.

What Are Personal Servitudes?

Although personal servitudes are commonly used in wills concerning properties, many property owners and testators don't know what they are, or the impact servitudes may have on their loved ones. Personal servitudes establish the right to enjoy and use the property of another person. The personal servitude which we are focusing on is a usufruct, its importance and the implications of its use.

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