An Evaluation of the Transformation of the Perpetual Usufruct Right to the Real Estate Property Right
Abstract
This article presents the analysis of profitability of the transformation of the perpetual usufruct right into the property right, at various moments of binding of this right, on the basis of the empirical formula presented in the respective act of law - the Ordinance of the Council of Ministers, concerning real estate appraisal and the estimate statement. It has been analysed how the fee for the transformation method of the perpetual usufruct right to the property is modified depending on the adopted rate of capitalization, the interest rate on the annual fee, and the number of remaining years of the unused perpetual usufruct right.
Keywords
Property law; Real estate law; Long-term lease
References
Dydenko J., Hernik E. (2004): Prawo użytkowania wieczystego. EDUCATERRA, Olsztyn.
Gniewek E. (2000): Prawo rzeczowe. C.H. Beck, Warszawa.
Nieruchomość, Śląskie Stowarzyszenie Rzeczoznawców Majątkowych. (2005). 1, 53.
The Act of April 23, 1964. The Civil Code. (1964). Dz. U. PRL 16, item 93 with later amendments.
The Act of August 21, 1997 on real estate management. (1997). Dz. U. RP 261, item 2603 with later amendments.
The Ordinance of the Council of Ministers of September 21, 2004 on pricing of real estate and preparation of estimate statements. (2005). Dz. U. RP 207, item 2109
Uniwersytet Przyrodniczy w Poznaniu Poland
Uniwersytet Przyrodniczy w Poznaniu Poland
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