Скачать или смотреть life estate Real Estate License Exam Study Guide AgentExamPass.com

life estate

estate of a duration set by a person’s life

A life estate is the right to hold a property based on the length of a person’s life. Whose life depends on what is specified by the person granting (called the grantor) the life estate. A brother gives his sister a property with a life estate based on her life. The property reverts back to the brother upon the sister’s death. A brother gives his sister a property with a life estate based on the life of their father, the property reverts to the brother upon the death of the father. A life estate is a limitation on a freehold estate. A life estate is an estate of a duration set by a person’s life. Related Words: estate, freehold estate

Multiple Choice Question

life estate
A estate of a duration set by a person’s life
B deed used to hypothecate a property
C estate for an unending duration
D when an investor lives in one of his or her own properties

Correct Answer: a

If you would like to suggest corrections to this word, email us at [email protected]. Thank you.

This word appears in the book Vocab-U-Bee California CA Real Estate License Exam Top Pass Words

Find links to all our playlists at VocabUBee.com

Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March

Thank You! and Good Luck!