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Right to live in an apartment

  • 02-08-2018 10:46PM
    #1
    granitequarry
    Registered Users, Registered Users 2 Posts: 7 ✭


    Can you buy the right to live in an apartment without being the owner?


Comments

  • #2
    Caranica
    Registered Users, Registered Users 2 Posts: 10,287 ✭✭✭✭Caranica


    granitequarry wrote: »
    Can you buy the right to live in an apartment without being the owner?

    We'll need a bit more detail/context to answer that


  • #3
    blindside88
    Registered Users, Registered Users 2 Posts: 1,957 ✭✭✭blindside88


    You can..... it’s called rent


  • #4
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,966 ✭✭✭✭Mrs OBumble


    Yes. Most apartments are sold in that way. You buy a lease, which includes the right to live there, as well as a share in the management company which owns the common areas.


  • #5
    randomrb
    Registered Users, Registered Users 2 Posts: 351 ✭✭randomrb


    You can have a long lease for 999 years for example or if you want to be technical you could get a right of residence in a property so that you can live there until you die but it doesn't pass on to your successor


  • #6
    grogi
    Registered Users, Registered Users 2 Posts: 7,890 ✭✭✭grogi


    Mrs OBumble wrote: »
    Yes. Most apartments are sold in that way. You buy a lease, which includes the right to live there, as well as a share in the management company which owns the common areas.

    Management company owns not only common areas, but the whole building, site etc. And you buy part of the management company.


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  • #7
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 7,079 ✭✭✭Claw Hammer


    granitequarry wrote: »
    Can you buy the right to live in an apartment without being the owner?

    Who would you intend to buy it from?


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