How bare ownership works
A clear, legal and safe process, assisted at every stage by qualified professionals.
What is bare ownership?
Bare ownership is a legal arrangement that separates the ownership of a property from the right to use it. The seller (usufructuary) retains the right to live in the property until death, while the buyer (bare owner) purchases at a discounted price, knowing full possession will transfer upon the usufruct's expiry.
The process in detail
1. Property valuation
An independent surveyor values the property at market value. The bare ownership value is then calculated using fiscal coefficients based on the usufructuary's age.
2. Agreement between parties
Seller and buyer agree on the price. Our mediation team supports the negotiation. An additional annuity can also be arranged.
3. Notarial deed
The sale deed is executed before a notary. The seller retains the right of usufruct registered in public property records.
4. Payment and continuity
The seller receives the agreed sum and continues living in the home. The buyer is now the bare owner and waits for the natural expiry of the usufruct.
Frequently asked questions
Who pays the condominium fees?
Ordinary expenses (condominium, utilities) are borne by the usufructuary. Extraordinary expenses (roof, facade) are borne by the bare owner.
Can I sell the bare ownership before the usufructuary's death?
Yes, the bare owner can transfer their share at any time, but the usufruct remains valid until the original holder's death.
Can a monthly annuity be added to the price?
Yes, Italian law allows combining an upfront payment with a monthly life annuity. This is called 'bare ownership with life annuity'.
How long does the process take?
Typically 2-4 months from the first valuation to the deed, depending on case complexity and notary schedules.
What taxes are payable?
The buyer pays registration tax (2% for primary residence, 9% otherwise) calculated on the bare ownership value. The seller may benefit from exemptions if the property was owned for more than 5 years.
Pronto a scoprire il valore della tua casa?
Richiedi una valutazione gratuita senza impegno.
Richiedi valutazione gratuita