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Duties of leaseholder:
a) paying rent
b) keeping building in a good condition
If leaseholder doesn't fulfil his duties, the lease can be forfeited.
Rights of a leaseholder:
a) to possess the land
b) to sell the right to use the land
Types of legal interests (věcná práva k věci cizí):
MP409Zk
Public trust:
It's a charitable trust. Charities enjoy tax exemptions, but they must serve one of the following purposes:
a) relief of poverty – pomoc v chudobě
b) advancement of education – podpora ve vzdělání
c) advancement of religion – podpora náboženství
d) benefit of community – prospěch společnosti
Beneficiary interest – the right of a party to some profit, distribution or benefit from a trust
Beneficiary – a person entitled to receive funds or other property under a trust, will or insurance policy
Breach of trust – violation by a trustee of a duty that equity requires of him
Constructive trust – a trust created by a court to benefit a party that has been wrongfully deprived of its rights
Express trust – a trust created by the free and deliberate act of the parties involved
Fiduciary duty – the legal duty of a person to act in the best interests of the beneficiary
Implied trust – a trust that arises from the unexpressed and presumed intentions
Legal ownership – the right to hold, manage and administer property that belongs to somebody else
Public trust – a trust created for charitable or religious or educational or scientific purposes
Settlor – person who creates a trust by giving real or personal property in trust to a trustee for the benefit of beneficiary
Trustee – a person to whom the legal title to property is entrusted to hold or use for another's benefit