Bare ownership: what it means

What it is

Bare ownership (nuda proprietà) is ownership of an asset, such as a property, from which the right to use it (the usufruct) is temporarily separated. Whoever buys the bare ownership becomes the owner in every respect, but cannot use the property or earn from it (for example by renting it out) while the usufruct lasts.

How it works

• Bare owner

  The person who buys the bare ownership: they own the property but cannot use it while the usufruct lasts. They can sell the bare ownership on, but the new buyer remains bound by the usufruct.

• Usufructuary

  The person entitled to use the property and enjoy its proceeds, for example by living in it or renting it out. The right lasts for the whole duration of the usufruct.

• Consolidation

  When the usufruct ends, the bare owner automatically becomes the full owner and can use the property.

Advantages for buyers

• A purchase price well below the market value of full ownership.

• A long-term investment that leads to full ownership in the future.

Advantages for sellers

• Immediate liquidity from the sale while continuing to live in your home.

• A way to cover unexpected costs, such as medical or home care.

• Additional income thanks to the liquidity obtained.