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Sri Lankan Law Forum » Property Law Forum » Executing a Deed of Transfer with Life Interest

Executing a Deed of Transfer with Life Interest

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My Lawyer

I am planning to buy a land for my son with my expenses. I want to reserve my Life Interest and execute the Deed of Transfer. Can a Deed of Transfer be executed subject to a Life Interest?

My Lawyer

There is no legal barrier. You can transfer the land to your son by executing a Deed of Transfer with your Life Interest. You are entitled to the life time possession of the said land, and if your son transfers this to a third party, then he needs your consent. If not, you can take legal action claiming your possession.

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