Emphyteusis is a type of land lease that exist in many civil law jurisdictions. Technically emphyteusis is a so-called real right, which means that it can be sold, inherited or mortgaged by the lessee. Basically the lessee can act as if he were they landowner, while the legal owner is for the duration of the lease deprived of the enjoyment of his property, hence he is referred to as “bare owner”. Continue reading Emphyteusis →