beneficial use

{{short description|Legal term for a person's right to enjoy the benefits of specific property}}

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"Beneficial use" is a legal term describing a person's right to enjoy the benefits of specific property, especially a view or access to light, air, or water, even though title to that property is held by another person.{{citation needed|date=January 2017}} It is also referred to as "beneficial enjoyment".{{harvnb|Black's|2001|p=236}}

By contrast, "beneficial interest" is where a beneficiary has an interest in a thing ("res"), such as a trust or estate, but does not own the underlying property,{{harvnb|Black's|2001|p=64}} usually entitling the beneficiary to some of the income from the underlying property.

Similarly, a beneficial owner is where specific property rights ("use and title") in equity belong to a person even though legal title of the property belongs to another person.{{harvnb|Black's|2001|p=508}} For example, companies often hold stocks or bank funds in their names for the benefit of specific people.

References

  • {{cite book

|date = 2001

|title = Black's Law Dictionary

|title-link = Black's Law Dictionary

|edition = 2nd

|version = Pocket

|ref = {{harvid|Black's|2001}}

}}

=Footnotes=

{{Reflist}}

Category:Property law

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