Liferent (Scots law)

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also called life-rent (Scots law)

[edit] Definition

Liferent (Scots Law): the right to receive for life the benefits of a property or other asset, without the right to dispose of the property or asset.

  • For example, if a man held a liferent on arable land with a house, he could, for the rest of his life, live in the house and cultivate the land, keeping the income for himself. He could not transfer the land or house to another person.
  • A liferent might be set by law (as when someone died, it would apply to the surviving spouse); or it might be set as a private arrangement between individuals.

The definition was constructed from the sources. [1] [2] [3] [4] [5]

[edit] Additional explanations


[edit] Sources and References

  1. ^ Scottish Language Dictionaries. Retrieved on March 1, 2008.
  2. ^ The Records of the Parliaments of Scotland to 1707. K.M. Brown et al eds (St Andrews, 2007), 1605/6/39. Retrieved on February 15, 2008.
  3. ^ Dictionary, Lawyers-and-Laws.com. Retrieved on March 1, 2008.
  4. ^ The Free Dictionary by Farlex. Retrieved on March 1, 2008.
  5. ^ Shumaker, Walter A.; George Foster Longsdorf (1922). The Cyclopedic Law Dictionary, Second Edition by James C. Cahill, Chicago: Callaghan and Company. 

[edit] See also



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