New Home Buyers Hot Tips Part 29: Types of Property Ownership:

New Home Buyers Hot Tips:

Part 29 Types of Property Ownership

P.) A license to occupy is another form of ownership. This gives you the right to live in the place but you have no right to the title. This type of ownership can be commonly used by retirement villages. I have also seen this being used by accountants and lawyers to protect ones interest in a property where someone has just married a new partner but did not want their new partner to be able to claim this property as matrimonial property.The property was owned by a trust who gave him the license to occupy the property.