A life estate measured by the life of the grantee terminates upon:
Correct Answer
B) The death of the measuring life (the grantee)
A life estate is a freehold estate that lasts only for the duration of a specified person's life, known as the measuring life. When the life estate is measured by the grantee's own life, it terminates automatically upon that person's death. At that point, ownership passes to the remainderman (if a remainder was granted) or reverts to the original grantor (if a reversion was retained). A life tenant may sell or transfer their interest, but the buyer only receives an estate for the remaining duration of the original measuring life.
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Related Topics & Key Terms
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Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
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