#laudemio — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #laudemio, aggregated by home.social.
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New life "achievement" unlocked: trying to explain what a fucking #laudêmio is off the top of my head over Discord.
TLDR: a laudêmio is a 2.5% real property sales "tax" paid to the original owner of the land due to a covenant-like thing called an « enfiteuse » (emphyteusis).
An « enfiteuse » is kinda like a partial sale of land whereby the buyer gets into a covenant to pay a yearly « foro » (kinda like a tiny rent) and a « laudêmio » every time the property is sold. I suspect that part of the exchange was a lower purchase price.
Apparently this system was created to allow the cultivation of land that the owner had no means to cultivate but still didn't wanna sell it.
TLDR 2: #PropertyLaw is confusing.
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#TIL: According to Spanish #Wikipedia, « laudêmio » translates to « entry fines ».
The #laudêmio is kinda like a covenant on #RealProperty: it's an stipulation that whenever that piece of property is sold a certain percentage of the value of the sale must be paid to a third party.
In #Brazil, these third parties are usually the Navy, the Catholic Church, and, in Petrópolis, the descendants of the Brazilian royal family. 🤮