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Property In Leasing Funds
Will it be lawful to offer previously leased properties in an investment fund?
Leased properties are not suitable for offering in an investment fund since the usufruct of the real estate becomes the possession of the lessee with the signing of the lease contract and there is no way thereafter for the owner of the property to sell his share in the usufruct or for a partner to have a right to the earnings on his share of it.

This is because what the owner retains after the lease is the counter value of the usufruct or the debt that has become the liability of the lessee and it is not permissible to sell debt.

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