Usufructuary Right vs. Subsequent Sale of Encumbered Property
Synthèse Legislator
Généré par l'IAA property owner, having transferred ownership of a building to another party while retaining a lifelong right of use and habitation, subsequently entered into a contract to sell the same building to a third party, who was aware of the prior reservation; the Court of Cassation overturned the lower court's decision, ruling that the initial transfer of ownership with the retained usufructuary right was opposable to the subsequent buyer, as the seller no longer possessed the full right to dispose of the property, and the buyer's awareness of the existing right meant the sale was of property encumbered by a right that could be asserted against them.
Regeste Legislator
Généré par l'IAUsufructuary Right vs. Subsequent Sale of Encumbered Property: A property owner, having transferred ownership of a building to another party while retaining a lifelong right of use and habitation, subsequently entered into a contract to sell the same building to a third party, who was aware of the prior reservation; the Court of Cassation overturned the lower court's decision, ruling that the initial transfer of ownership with the retained usufructuary right was opposable to the subsequent buyer, as the seller no longer possessed the full right to dispose of the property, and the buyer's awareness of the existing right meant the sale was of property encumbered by a right that could be asserted against them.