GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:55 Dec 24, 2010 |
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Italian to English translations [PRO] Law/Patents - Real Estate | |||||||
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| Selected response from: Russell Jones United Kingdom Local time: 11:17 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +3 | long leasehold property |
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4 | condominium appartment ownership |
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3 | surface tenure |
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Discussion entries: 11 | |
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surface tenure Explanation: “Surface” rights may exist in two different situations. In the first, a) the landowner may detain the right to construct a building in favour of others, who acquire ownership of it (“ius aedificandi”). In the second b), the landowner may transfer ownership of a building already existing separately from ownership of the land (“proprietà superficiaria” or surface tenure). In both cases the owner retains title to the land and in the first case the “surface retainer” (the holder of “surface” rights) acquires the right to develop and retain ownership of a building on the land, in the second case acquiring ownership of a building separate from the land. “Surface tenure” and “surface” ownership rights are acquired by virtue of a contract (sale, exchange, etc.) for which a consideration is envisaged that may consist of a sum paid in a single instalment or of a sum paid annually (“solarium”). (www.fig.net/pub/fig2007/papers/ts.../ts05c_01_benvenuti_127... -------------------------------------------------- Note added at 2 hrs (2010-12-24 15:13:16 GMT) -------------------------------------------------- While I'm trying to find more from other sources, here's another excerpt (same source as above, better link info below), if at all relevant, 'In the Italian real estate situation, superficial tenure finds limited application in the private sector but is more widespread in the public housing sector. Consequently, there are no data available on market prices for transfer of the land right, nor on “atypical” land leases. It is also important to mention that in Italy widespread lack of transparency persists in the real estate market and its various segments, and the immovable property and financial markets are poorly integrated.' (http://www.fig.net/pub/fig2007/papers/ts_5c/ts05c_01_benvenu... |
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condominium appartment ownership Explanation: As in ownership of an apartment in a condominium where your apartment is yours and you share ownership of the public areas with the other apartment owners. http://en.wikipedia.org/wiki/Apartment -------------------------------------------------- Note added at 3 hrs (2010-12-24 15:59:27 GMT) -------------------------------------------------- That would seem pretty close. According to wiki it would be UK specific, but the meaning is fairly self-evident. Why not hide your original post and put this in its place? http://en.wikipedia.org/wiki/Commonhold |
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11 hrs confidence: peer agreement (net): +3
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