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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10549
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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Is a lifetime interest in a property the same as a Lifetime

Customer Question

Is a lifetime interest in a property the same as a Lifetime Occupation of a property ?
Submitted: 2 years ago.
Category: Law
Expert:  Aston Lawyer replied 2 years ago.

Hello and thanks for using Just Answer.

My name is ***** ***** am happy to assist you with your enquiry.

It is not necessarily the exact same- a lifetime interest means you are entitled to any income generated from the property (ie from rent) and possible also a right to live there if you so wish.

A Lifetime Occupancy just grants the right to remain living in the property for your life, subject to whatever conditions are imposed by the owner/any Trustees of the owner.

I hope this assists and sets out the legal position, but please let me know if you require any further clarification.

Kind Regards

Al

Expert:  Aston Lawyer replied 2 years ago.

Hi,

Can I assist you any further?

Kind Regards

Al

Customer: replied 2 years ago.
Many thanks you have given me the information I required. Many thanks Chris Wilkinson
Expert:  Aston Lawyer replied 2 years ago.

Hi Chris,

Thanks.

If I have assisted, I would be grateful if you could leave positive feedback.

Kind Regards

Al