Legal Definitions - concessio

Definition: Concessio is a Latin term that means a grant. It is used to convey incorporeal property, which means property that cannot be physically touched or seen, such as rights to use land or receive rent.

Example: If a landowner grants someone the right to use their land for a specific purpose, such as to build a road, this would be a concessio. The landowner is granting an incorporeal property right to the other person.

Example: Another example of a concessio would be if a landlord grants a tenant the right to live in an apartment and use certain amenities, such as a pool or gym. The tenant does not own the apartment or the amenities, but they have been granted the right to use them for a specific period of time.

Overall, a concessio is a legal term used to describe the granting of incorporeal property rights, which can be transferred through the delivery of a deed.