Liferent

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 asset. [1][2][3][4][5]

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 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
  1. "Scottish Language Dictionaries". Archived from the original on February 20, 2008. Retrieved 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 February 15, 2008.
  3. "Dictionary, Lawyers-and-Laws.com". Archived from the original on February 3, 2008. Retrieved March 1, 2008.
  4. "The Free Dictionary by Farlex". Retrieved March 1, 2008.
  5. Shumaker, Walter A.; George Foster Longsdorf (1922). The Cyclopedic Law Dictionary (Second Edition by James C. Cahill ed.). Chicago: Callaghan and Company.
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