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What is the difference between a “vital interest” and a “right of occupancy” in a property?

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I hope you can explain the difference between “life interest” and “right of occupancy” in a property. What becomes of the property when the person with a lifelong interest dies?

he Irish Property Owners’ Association provides a good example of the distinction between a life interest and a right of residence.

https://www.independent.ie/life/home-garden/homes/whats-the-difference-between-a-life-interest-and-the-right-to-reside-in-a-property-41646027.html What is the difference between a “vital interest” and a “right of occupancy” in a property?

Fry Electronics Team

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