RoaldDahl
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Simple English definitions for legal terms
concessio
Read a random definition: IIED
A quick definition of concessio:
Term: concessio
Definition: Concessio is a Latin word that means a grant. It is used to transfer ownership of things that cannot be physically handed over, such as rights to use land or receive rent. These types of things are called incorporeal property. When someone wants to transfer incorporeal property, they use a document called a concessio. This document is like a special key that unlocks the ownership of the property and gives it to someone else.
A more thorough explanation:
Definition: Concessio is a Latin term that means a grant. It is used to convey incorporeal property, which means property that cannot be physically touched or seen, such as rights to use land or receive rent.
Example: If a landowner grants someone the right to use their land for a specific purpose, such as to build a road, this would be a concessio. The landowner is granting an incorporeal property right to the other person.
Example: Another example of a concessio would be if a landlord grants a tenant the right to live in an apartment and use certain amenities, such as a pool or gym. The tenant does not own the apartment or the amenities, but they have been granted the right to use them for a specific period of time.
Overall, a concessio is a legal term used to describe the granting of incorporeal property rights, which can be transferred through the delivery of a deed.