"Fiar" redirects here. For the Italian avionics firm, see FIAR.
Liferent, or life-rent, in Scots law is the right to receive for life the benefits of a property or other asset without the right to dispose of the property or the asset.[1][2][3] Where the property is held in fee simple, the owner is termed the fiar.[4] (This is unrelated to Fiars Prices, another term in Scots law.[4]) For some acts relating to the property, the consent of both liferenter and fiar may be required by law.
Examplesedit
If a man held a liferent on arable land with a house, he could, for the rest of his life, live in the house and cultivate the land, keeping the income for himself. He could not transfer the land or house to another person.
A liferent might be set by law (as when someone died, it would apply to the surviving spouse); or it might be set as a private arrangement between individuals.
Referencesedit
^ "Scottish Language Dictionaries". Retrieved 21 November 2020.
^ "The Records of the Parliaments of Scotland to 1707". K.M. Brown et al. eds (St Andrews, 2007), 1605/6/39. Retrieved 15 February 2008.
^ Shumaker, Walter A.; George Foster Longsdorf (1922). The Cyclopedic Law Dictionary (Second Edition by James C. Cahill ed.). Chicago: Callaghan and Company.
liferent, fiar, redirects, here, italian, avionics, firm, fiar, life, rent, scots, right, receive, life, benefits, property, other, asset, without, right, dispose, property, asset, where, property, held, simple, owner, termed, fiar, this, unrelated, fiars, pri. Fiar redirects here For the Italian avionics firm see FIAR Liferent or life rent in Scots law is the right to receive for life the benefits of a property or other asset without the right to dispose of the property or the asset 1 2 3 Where the property is held in fee simple the owner is termed the fiar 4 This is unrelated to Fiars Prices another term in Scots law 4 For some acts relating to the property the consent of both liferenter and fiar may be required by law Examples editIf a man held a liferent on arable land with a house he could for the rest of his life live in the house and cultivate the land keeping the income for himself He could not transfer the land or house to another person A liferent might be set by law as when someone died it would apply to the surviving spouse or it might be set as a private arrangement between individuals References edit Scottish Language Dictionaries Retrieved 21 November 2020 The Records of the Parliaments of Scotland to 1707 K M Brown et al eds St Andrews 2007 1605 6 39 Retrieved 15 February 2008 Shumaker Walter A George Foster Longsdorf 1922 The Cyclopedic Law Dictionary Second Edition by James C Cahill ed Chicago Callaghan and Company a b Definition of fiar Merriam Webster Retrieved 4 March 2021 nbsp nbsp This article related to law in Scotland is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Liferent amp oldid 1084213275, wikipedia, wiki, book, books, library,
