Definition : Usufruct

Dismemberment of the right of ownership by which the holder of this right (the usufructuary) has, for a certain time, the right of enjoyment of property owned by another (the bare owner), subject to the obligation of the usufructuary of preserving its substance (preservation). The voting right attached to a fraction of co-ownership belongs to the usufructuary. However, the bare owner may exercise such voting rights when the object of the vote is modifying the substance of the property held in co-ownership, changing its destination or terminating the syndicate of co-owners. This allocation of voting rights is not opposable to the syndicate; it is to be discussed only between the usufructuary and the bare owner.

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  The right to vote is a founding principle of democracy. Citizens of a democracy   can express their will in a ballot.  In principle, this right is equal amongst all voters. Practically speaking, it is equivalent to the «one person, one vote" rule, which means that every vote   has the same weight. However, co-ownership derogates from this principle, namely in that the number of votes held by the co- owners is in direct correlation with their rights of ownership in the immovable. An overview of the various aspects of voting in General Meetings of co-owners.    
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