Owner sells but stays – Usufruct vs life rights explained
Description
The iconic Ronnie’s Sex Shop along Route 62 is up for sale, but owner Ronnie Price will continue living on the property. Many listeners ask how this works legally. Linda Jordaan, Chief Eexecutive and Director of Herold Gie Attorneys, speaks to Lester Kiewit about the difference between a usufruct and a life right. She outlines the benefits and downsides of each and how they are used in practice, helping listeners understand how Ronnie can stay on the property even after it is sold.
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