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}}
}}