The Sliding Scale between Usufruct and Ownership: The Example of Swedish Multi-Family Housing

Anna Granath Hansson, Peter Ekbäck and Jenny Paulsson
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Anna Granath Hansson: Department of Real Estate and Construction Management, KTH Royal Institute of Technology, Teknikringen 10B, 100 44 Stockholm, Sweden
Peter Ekbäck: Department of Real Estate and Construction Management, KTH Royal Institute of Technology, Teknikringen 10B, 100 44 Stockholm, Sweden
Jenny Paulsson: Department of Real Estate and Construction Management, KTH Royal Institute of Technology, Teknikringen 10B, 100 44 Stockholm, Sweden

Land, 2021, vol. 10, issue 3, 1-15

Abstract: This paper aims to elucidate the sliding scale between usufruct and ownership by applying a property rights framework to three Swedish forms of tenure in multifamily housing. The framework deconstructs the bundles of rights of rental, tenant-ownership and ownership to highlight commonalities and differences connected to the right to use and exclude, the right to transfer and the right to the value. It is concluded that the three tenure forms have many traits in common but that there are distinct differences in some areas, most notably in connection to the right to the value. The property rights framework applied in the study may be applicable also on a general level as a method to analyze and compare tenures of different types in different countries. Further, ways to improve the framework and cover more facets of outcomes of property rights patterns are suggested.

Keywords: tenure forms; property rights; rental; tenant-ownership; ownership (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
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