← Legal Glossary
Usufruct
Definition
A legal right to use and derive profit or benefit from property that belongs to another person, as long as the property is not damaged or altered. In Cuban law, it functions similarly to a leasehold, granting the holder rights to all uses and all fruits (profits) of the property for a specified period.
Examples
- •Havana Docks held usufruct rights over the dock facilities, giving them plenary commercial control to operate the docks and collect fees from ships for a set period ending in 2004.