hoonetesÕige

HoonetesÕige is an Estonian legal concept that translates to "right of superficies" or "building right." It allows a person to own a building or other construction on land owned by someone else. This right is typically established through a contract between the landowner and the holder of the right of superficies, and it is registered in the Estonian land register. The duration of the right of superficies can be for a fixed term or indefinitely.

The holder of the right of superficies, known as the superficiary, has the right to use the land for the purpose of owning and maintaining the building. They are responsible for any costs associated with the building and the land it occupies, as agreed upon in the contract. In return, the superficiary enjoys the benefits of owning the building. Upon the termination of the right of superficies, the ownership of the building typically transfers to the landowner, unless otherwise specified in the agreement. The specific terms and conditions of a right of superficies are governed by Estonian property law. This legal instrument is often used in urban development and real estate transactions to facilitate the construction and ownership of buildings on land that may have different ownership structures.