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LSDefine

Simple English definitions for legal terms

bare ownership

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A quick definition of bare ownership:

Bare ownership refers to the ownership of property without the right to use or enjoy it. It is often associated with trust ownership, where the trustee holds legal title to the property while the beneficiary holds the bare ownership. Ownership, in general, refers to the bundle of rights that allow one to use, manage, and enjoy property, including the right to convey it to others. Ownership rights are permanent, heritable, and imply the right to possess a thing, regardless of any actual or constructive control.

A more thorough explanation:

Definition: Bare ownership refers to the ownership of property without the right to use, manage, or enjoy it. It is also known as trust ownership. The owner of bare ownership has limited rights and cannot convey the property to others.

Example: A father may give his property to his son but retain the bare ownership of the property. In this case, the son has the right to use, manage, and enjoy the property, but the father retains the right to sell or transfer the property to someone else. The son only has the right to use the property until the father's death, after which the son will become the full owner of the property.

This example illustrates how bare ownership works. The father retains the right to sell or transfer the property to someone else, which means he has limited rights. The son only has the right to use the property until the father's death, which means he has limited rights as well.

bare licensee | bare possibility

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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