1. If you buy the property, you have a real right over that property. In other words, you would be the owner of the property. That part is obvious. Your parents, however, would have a limited real right over the property.

2. How that limited real right is defined will, ultimately, define the relationship and rights of your parents and yourself. If you draft the clause to only give them a right of habitation only on a flat, it entitles them to remain in the flat for the rest of their lives, or until they abandon that right, whichever comes first. It gives them rights only towards that flat and not towards any other part of that property other than that flat.

3. Under those circumstances, since they do not have the right of use or the right of habitation on the main house, they cannot throw you out. It is simply just a horror story which I do not know where you heard it.

4. I suggest that you have the sale agreement drafted by a conveyancer or a notary. Somebody with experience in drafting clauses pertaining to servitudes and tell him exactly what you want. He will make sure that neither party is prejudiced.

5. Because you are going to register a bond, however, the bank will require your parents to sign a document that gives the bank the right to lift the right of habitation if the bank has to foreclose on the property. They will not grant you a bond in the absence of such a permission, so just take a note of that.

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