A usufruct is sometimes used to grant someone the right to use a property and enjoy the benefits of such use (including possibly receiving rental income from the property) even though that person does not become the owner of the property.
However, be cautious of possible Transfer Duty and Estate Duty implications.
The above is not meant to be advice but is merely information. Please consult an Attorney, who can properly advise you, having regard to the circumstances of your particular case.
Ismail Ayob and Partners practice in the field of property law and may be able to assist.
Ismail Ayob and Partners practice in the field of property law and may be able to assist.