Beschränkte Persönliche Dienstbarkeit is a legal concept in the field of real estate that grants a limited personal right to use or benefit from a property without actually owning it.

In this context, the term "beschränkte" refers to the nature of the right being restricted or limited, while "persönliche Dienstbarkeit" translates to "personal servitude." It is crucial for investors in the capital markets, particularly those involved in real estate investments, to have a comprehensive understanding of this concept. Beschränkte persönliche Dienstbarkeit is often associated with easements or encumbrances imposed upon a property. It entitles the holder (the beneficiary or "Dienstbarkeitsberechtigter") to specific rights or privileges regarding the use of the property. Such rights may include the right to access a certain portion of the property, such as a driveway or a pathway, a right to use water resources, or a right to use certain facilities on the property. This legal concept is frequently encountered in the context of property transactions, where the presence of a servitude may impact the property's value, potential for development, or overall profitability. Hence, investors need to conduct thorough due diligence on properties to assess whether any beschränkte persönliche Dienstbarkeit exists and how it might influence their investment decisions. The rights associated with beschränkte persönliche Dienstbarkeit are limited by both time and scope. The duration of the servitude, known as the "Dienstbarkeitsdauer," can be stipulated in perpetuity or for a specified period. The scope of the servitude is determined by the terms agreed upon by the parties involved or may be defined by relevant laws and regulations. It is essential to consult legal experts or review public registers to ascertain the specific details related to the servitude. Beschränkte persönliche Dienstbarkeit is a unique legal concept that can affect the rights and obligations of property owners and investors. Therefore, understanding its implications within the capital markets and real estate industry is vital to make informed investment decisions. Through Eulerpool.com, investors can access an extensive glossary, including definitions, explanations, and examples of terms like beschränkte persönliche Dienstbarkeit to enhance their knowledge and competence in the world of capital markets.