Emphyteusis

The Law of Emphyteusis is a right, susceptible of assignment and of descent, charged on productive real estate, the right being coupled with the enjoyment of the property on condition of taking care of the estate and paying taxes, and sometimes a small rent.A system of serfdom, seen in practice in South American colonies during the time of colonization. Based on Roman law, the Spanish preserved it and brought it to the colonies.Roman origination was in the early empire and was initially granted by the state, for agricultural purposes, or for building on land.
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(n.)
A real right, susceptible of assignment and of descent, charged on productive real estate, the right being coupled with the enjoyment of the property on condition of taking care of the estate and paying taxes, and sometimes a small rent.
  

Civil law: a long-term (many years or in perpetuity) rental of land or buildings including the exclusive enjoyment of all product of that land and the exercise of all property rights typically reserved for the property owner such as mortgaging the property for the term of the emphyteusis or permitting a right of way. - (read more on Emphyteusis)
  

emphyteusis
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