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Liferent (Scots Law), Life-rent
Liferent, or life-rent, in Scots law is the right to receive for life the benefits of a property or other asset without the right to dispose of the property or the asset. Where the property is held in fee simple, the owner is termed the fiar. (This is unrelated to ''Fiars Prices'', another term in Scots law.) For some acts relating to the property, the consent of both liferenter and fiar may be required by law. Examples * 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 Agriculture, 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. References Scots law legal terminology Scots property law Real property law Land tenure Agriculture in Scotland Housing in Scotland {{Scotland-law-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scots Law
Scots law () is the legal system of Scotland. It is a hybrid or mixed legal system containing civil law and common law elements, that traces its roots to a number of different historical sources. Together with English law and Northern Ireland law, it is one of the three legal systems of the United Kingdom.Stair, General Legal Concepts (Reissue), para. 4 (Online) Retrieved 2011-11-29 Early Scots law before the 12th century consisted of the different legal traditions of the various cultural groups who inhabited the country at the time, the Gaels in most of the country, with the Britons and Anglo-Saxons in some districts south of the Forth and with the Norse in the islands and north of the River Oykel. The introduction of feudalism from the 12th century and the expansion of the Kingdom of Scotland established the modern roots of Scots law, which was gradually influenced by other, especially Anglo-Norman and continental legal traditions. Although there was some indirect Roman la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
