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A comprehensive comparative treatment of six instances of time-limited interests in land as encountered in fourteen European jurisdictions. The survey explores the commercial or social origins of each legal institution concerned and highlights their enforceability against third parties, their content and their role in land development. The commercial purpose of residential and agricultural leases is contrasted with the social aim of personal servitudes (and its common-law equivalent liferent) to provide sustenance for life to mostly family members making the latter an important estate planning device. Whereas the ingrained principles of leases and personal servitudes restrain the full exploitation of land, it is indicated that public authorities and private capital could combine to turn the old-fashioned time-limited institutions of hereditary building lease (superficies) and hereditary land lease (emphyteusis) into pivotal devices in alleviating the acute shortage of social housing and in promoting the fullest exploitation of pristine agricultural land.
|Publication date:||28th June 2012|
|Author:||Cornelius Van der Merwe|
|Publisher:||Cambridge University Press|
|Categories:||Land & real estate law,|
Cornelius Van Der Merwe read law at Bloemfontein and Oxford and obtained a LLD from the University of South Africa. He held chairs in Private Law at the Universities of South Africa and Stellenbosch, in Civil Law at the University of Aberdeen and is presently a Senior Research Fellow at the University of Stellenbosch. He is the main author of the South African 'Property and Trust Law' in the International Encyclopedia of Laws (Kluwer, 2002) and the co-editor of Introduction to the Law of South Africa (Kluwer, 2004). Alain-Laurent Verbeke is Professor of Law at the Universities of Leuven and Tilburg, teaching ...More About Cornelius Van der Merwe