I will second the suggestion to seek professional advice, in the form of legal counsel most likely, since the property is located in a jurisdiction other than the U.S. (which could serve to exacerbate any other issues).
Regardless, a property owner (whether real estate or personal property) can "delegate" or "give away" any one of the rights from the bundle of rights incident to ownership.
How the IRS will view the arrangement will depend upon a number of factors but income-shifting does not tend to be viewed favorably in most circumstances.
