Term
Building right
The building right is an alienable and hereditary right in rem to have a structure on, or under, third-party land. This right can be ordered for a minimum of ten years and a maximum of 100 years. The owner of the building right pays a regular fee (construction fee) to the land owner to use the property. For a building, the owner of the building right is entitled to the rights of the owner, or on a property, to those of the usufructuaries. If the building right expires, the building ownership is retained by the land owner, however, the entitled party receives compensation in the amount of a quarter of the current building value, unless otherwise agreed.