The value of the right of superficies

The right of superficies is the right to build and own a building over, on or under a land owned by another person. Because the right of superficies is payable and transferable, it puts under question a compensation for the granted right of superficies and also its value at the transfer. Present article treats the legal characteristics of the right of superfices, and on this basis a model of determining the periodic compensation for the right of superficies is devised. On the basis of the annual compensation we derived the models of appraising of the value of the right of superficies. In the article we also introduce the influence of renovation on the value of the building and consenquently on the value of compensation that has to be payed by the owner of the land to the holder of the right of superficies at cessation. © 2013 Lex localis.