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Thank you for your enquiry. A life rent can be granted by the owner(s) of a property. The owner will grant a person a life rent by including it as a clause in their Will. What this will entitle the renter to is to remain in the property until such times as they agree to leave the property or pass away. So for example, if a parent owns a property then they can leave the property in the will to one child and grant a life rent to the other. This mens that the child who has inherited the property will not be able to evict the other person without their agreement or until their death. Furthermore, a parent can gift or sell a property to a child and the child can grant the parent a life rent in their will providing the same security to the parent who has given them the house. If you contact a local lawyer who deals with conveyancing then they will be able to put all of this in order for you.
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