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Old 31-10-2007, 03:59 PM
Zeiad Yehia's Avatar
Zeiad Yehia Zeiad Yehia is offline
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Join Date: Jul 2007
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Dear Mr. Pearson,

In the usufruct system, if you sold your usufruct out after 10 years for instance, the next purchaser will enjoy only 89 years; the remaining time of your usufruct period. This is why developers state in the usufruct contract that they will charge you 5% of the purchase price if you wish to resell, the reason is that they take this percentage to issue the new purchaser a new 99 years usufruct right contract, being the freehold right holders. End of story.
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