állagvevő

English translation: purchaser of (real estate in) bare ownership

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Hungarian term or phrase:állagvevő
English translation:purchaser of (real estate in) bare ownership
Entered by: Gabriella Vento

17:47 Jan 23, 2016
Hungarian to English translations [PRO]
Law/Patents - Real Estate
Hungarian term or phrase: állagvevő
Adásvételi szerződésben használt kifejezés. Az állagvevő a haszonélvezeti vevővel együtt szerepel vevőként az ingatlan adásvételekor.
Előre is köszönöm a segítségeteket!
Gabriella Vento
United States
Local time: 09:16
purchaser of (real estate in) bare ownership
Explanation:
állagvevő - aki az ingatlanon tulajdonjogot /bare ownership/ szerez (szemben a haszonélvezeti vevővel, aki haszonélvezeti jogot /usufruct/)

Are there different title rights to land/ principal forms of ownership and restrictions to the property rights?

Full ownership, bare ownership, usufruct, servitudes, right of superficies, emphyteusis. Ownership restrictions include pre-emptive rights (right
of the tenant to buy the real estate that is the object of the leasehold of which he/she is the lessee; right of the regional government to buy certain properties) as well as compulsory purchase (right of the government to seize a citizen’s private property, expropriate property, or seize a citizen’s rights in property with due monetary compensation, but without the owner’s consent).


What is the most common form of investment structure in your country/ jurisdiction?

A natural person can buy real estate in bare ownership and have the usufruct bought by a (his) company. The natural person only has to pay the price of the bare ownership with his own funds; the usufruct will
be paid for by the company which will be able to write off the purchase price over the duration of the usufruct. If there was a loan to finance the purchase then the interests will be deductible as a company cost if reconcilable with the objects of the company.
(Source: Purchasing Real Estate in Europe)
http://www.european-law-firm.com/guide/purchasing-real-estat...
Selected response from:

Ildiko Santana
United States
Local time: 09:16
Grading comment
Köszönöm, Ildikó, Erzsi és Hollowman a segítséget. Jól körüljártuk a témát.
4 KudoZ points were awarded for this answer



Summary of answers provided
4purchaser of (real estate in) bare ownership
Ildiko Santana
Summary of reference entries provided
...
hollowman2
bare ownership/bare property
Erzsébet Czopyk

Discussion entries: 2





  

Answers


12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
purchaser of (real estate in) bare ownership


Explanation:
állagvevő - aki az ingatlanon tulajdonjogot /bare ownership/ szerez (szemben a haszonélvezeti vevővel, aki haszonélvezeti jogot /usufruct/)

Are there different title rights to land/ principal forms of ownership and restrictions to the property rights?

Full ownership, bare ownership, usufruct, servitudes, right of superficies, emphyteusis. Ownership restrictions include pre-emptive rights (right
of the tenant to buy the real estate that is the object of the leasehold of which he/she is the lessee; right of the regional government to buy certain properties) as well as compulsory purchase (right of the government to seize a citizen’s private property, expropriate property, or seize a citizen’s rights in property with due monetary compensation, but without the owner’s consent).


What is the most common form of investment structure in your country/ jurisdiction?

A natural person can buy real estate in bare ownership and have the usufruct bought by a (his) company. The natural person only has to pay the price of the bare ownership with his own funds; the usufruct will
be paid for by the company which will be able to write off the purchase price over the duration of the usufruct. If there was a loan to finance the purchase then the interests will be deductible as a company cost if reconcilable with the objects of the company.
(Source: Purchasing Real Estate in Europe)
http://www.european-law-firm.com/guide/purchasing-real-estat...

Ildiko Santana
United States
Local time: 09:16
Works in field
Native speaker of: Native in HungarianHungarian, Native in EnglishEnglish
PRO pts in category: 48
Grading comment
Köszönöm, Ildikó, Erzsi és Hollowman a segítséget. Jól körüljártuk a témát.

Peer comments on this answer (and responses from the answerer)
neutral  Erzsébet Czopyk: Ildikó, hollowman már megadta a választ (sőt az általam beírt referencia is szóról szóra ugyanezzel a mondattal kezdődik, mint a tiéd. :(
2 hrs
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Reference comments


37 mins peer agreement (net): +1
Reference: ...

Reference information:
http://www.proz.com/kudoz/french_to_english/law:_contracts/1...

hollowman2
Native speaker of: Native in HungarianHungarian

Peer comments on this reference comment (and responses from the reference poster)
agree  Erzsébet Czopyk: futottam egy jó nagy kört... és ugyanoda jutottam, mint te :)
28 mins
  -> Köszönöm!
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1 hr peer agreement (net): +1
Reference: bare ownership/bare property

Reference information:
Az állagvevő az, aki tulajdonjogot szerez, szemben a haszonélvezeti vevővel, aki haszonélvezeti jogot.

http://www.homeinfo.hu/ugyintezes/illetek/902-illetekfizetes...

A vagyoni értékű jogoknak is meghatározható értékük van, melyet szintén az illetéktörvény szabályoz. Amennyiben egy ingatlan esetében állagvevő, azaz a tulajdonjogot megszerző vevő is van és haszonélvezeti vevő is pl., akkor az egész ingatlan forgalmi értéke után fizetendő illeték a tulajdonjog és a haszonélvezeti jog arányában oszlik meg.

http://www.proz.com/kudoz/hungarian_to_english/law_general/2...
itt van legalul Mohay András tanár úr linkje
http://www.proz.com/kudoz/french_to_english/law:_contracts/1...

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Note added at 10 hrs (2016-01-24 04:38:33 GMT)
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http://www.ernalowproperty.co.uk/Bare-Ownership

Purchasing as Bare Ownership:
This type of investment is based on the separation of ownership into "bare ownership" and "usufruct".
An investment in bare ownership offers the best outlook in performance in a fully secure climate. The buyer receives, in the form of an immediate reduction of 40% to 50% on the purchase price, the equivalent of all updated rents, net of costs, taxes and charges, that he would have collected over the period had he invested in full ownership. No hidden expenses or risks. At the end of the temporary usufruct, the bare-owner immediately becomes the full owner. The net gain results from the free and automatic recovery of the usufruct, to which is added the re-evaluation of the property over the whole period.

Erzsébet Czopyk
Hungary
Native speaker of: Native in HungarianHungarian
PRO pts in category: 12

Peer comments on this reference comment (and responses from the reference poster)
agree  hollowman2
9 hrs
  -> Köszönöm szépen!
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