What is udufruct whe pertaining to property that I inherited with eight others?

Full question:

I just received notice that I inherited a property deed in Kiln, Mississippi with eight other equal heirs. One of the 8 has usufruct . What are his responsibilities with the property? Is he solely responsible for all property taxes and expenses while he uses it or are other owners equally responsible? When owner with usufruct dies can one of the others force a sale or must all agree before it is sold?

  • Category: Real Property
  • Subcategory: Joint Tenants
  • Date:
  • State: Texas

Answer:

The meaning of the term "usufruct" is the right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility, and advantage that it may produce, provided it be without altering the substance of the thing. The person who has the right and enjoyment of a usufruct is known as a "usufructuary."

The usufructuary must also take good care of the property involved. The usufructuary must pay all taxes and/or claims that arise during the usufruct, unless otherwise altered by contract. Also, the usufructuary must make any ordinary repairs at his or her own expense.

Whether the consent of other owners is required to sell property depends on the nature of the tenancy, according to the language of the deed. If the tenants are stated to be joint tenants, all joint tenants must sign the deed to transfer the property. However, tenants in common may transfer their interrest in the property without the consent of the other owners.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, a property deed can override a will if the deed specifies a transfer of ownership that is effective immediately. If a property is transferred via a deed, it typically takes precedence over any conflicting provisions in a will. This means that if the property was deeded to someone during the owner’s lifetime, it will not be part of the estate that is distributed according to the will.