A life estate in Texas can be measured by:
Correct Answer
B) The life of the grantee or another person
A life estate can be measured by the grantee's life or the life of another person (pur autre vie).
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Related Topics & Key Terms
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Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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