Louisiana's 'usufruct' is a civil law concept that grants:
Correct Answer
B) The right to use and enjoy another's property and its fruits (income) without altering its substance
Usufruct (Civil Code Art. 535) grants the usufructuary the right to use property and collect its fruits (rents, profits) for a period, typically the usufructuary's lifetime. The naked owner retains ultimate ownership.
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Related Topics & Key Terms
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Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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