Define: Feu Duty

Feu duty is a legal term used in Scotland to refer to an annual payment made by the owner of a property to the superior, who is the person or entity that holds the superior interest in the land.

The owner of the property is responsible for paying feu duty to the superior.

Feu duty is typically calculated as a percentage of the value of the property or as a fixed amount determined by the terms of the feu charter.

Yes, the superior has the right to increase the feu duty, but any increase must be reasonable and in accordance with the terms of the feu charter.

Feu duty can be reduced or waived if both parties agree to it, but any such changes must be documented in writing and legally binding.

If feu duty is not paid, the superior may have the right to take legal action to recover the unpaid amount, which may include seeking a court order for payment or potentially terminating the feu charter.

Yes, feu duty can be transferred to a new owner if the property is sold or transferred. The new owner becomes responsible for paying the feu duty to the superior.

The amount of feu duty is usually determined by the terms of the original feu charter, but it may be possible to negotiate the amount with the superior if both parties agree to it.

Feu duty is generally not tax-deductible for the property owner, as it is considered a private obligation rather than a business expense.

Feu duty can be terminated if the terms of the feu charter allow for it, such as reaching a specified end date or if certain conditions are met. However, termination would require legal documentation and agreement between the parties involved.