Liferent

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.

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