Afnotarréttur

Afnotarréttur is an Icelandic term that translates to "right of use" or "usufructuary right" in English. It refers to a legal concept granting an individual or entity the right to use and enjoy the benefits of another person's property, while the ownership of the property remains with the original owner. This right is typically limited in duration and scope, and it does not grant the holder the right to alienate or sell the property.

The concept of afnotarréttur is rooted in civil law traditions and can be applied to various types of property, including land, buildings, and even intellectual property. For instance, a person might have the afnotarréttur to live in a house owned by someone else, or a company might have the afnotarréttur to use a specific patent. The terms and conditions of the afnotarréttur are usually established through a formal agreement or contract.

In Iceland, afnotarréttur plays a role in inheritance law, property law, and other areas where the use of property is separated from its ownership. It allows for flexible arrangements concerning property utilization without transferring full ownership, which can be beneficial in various personal and commercial contexts. The precise nature and extent of the right are determined by the specific agreement and relevant Icelandic legislation.