Right of emphyteusis



Français English

A temporary right that allows the lessee (the long leaseholder) to fully enjoy a land/building belonging to another person, in exchange for a periodic fee in money or kind. The long lease can’t be established for a term less than 27 years or more than 99 years. The long leaseholder also has the right to construct buildings on the land and to become the owner for the duration of the long lease.