Property OwnershipLife EstateEASY
A life estate terminates upon:
Correct Answer
B) The death of the measuring life
A life estate is a freehold interest in real property that lasts only for the duration of a specified measuring life, most commonly the life tenant's own life. Upon the death of the measuring life, the life estate terminates automatically and the property passes to the remainderman or reverts to the grantor. A life tenant may sell or transfer their interest, but the buyer only receives an interest that lasts for the original measuring life.
Answer Options
A
The sale of the property by the life tenantB
The death of the measuring lifeC
The expiration of a 99-year termD
A written request from the remaindermanWhy This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Property Ownership Question
Sign up free to unlock full analysis
Background Knowledge for Property Ownership
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Property Ownership
Sign up free to unlock full analysis
Common Mistakes to Avoid on Property Ownership Questions
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
freehold estatesremaindermanreversionpur autre vieMaine Medicaid estate recoveryfee simple
Key Terms:
life estatemeasuring liferemaindermanreversionfreehold estatepur autre vie
Was this explanation helpful?
More Property Ownership Questions
Idaho water rights:
Kansas follows which recording system?
Louisiana's homestead exemption protects:
An encroachment occurs when:
An easement appurtenant in Alabama:
- → An easement by necessity is typically created when a property is in which situation?
- → A Texas property owner grants an oil company the right to drill on their land. This is called:
- → Recording of deeds in Maine is done at the:
- → Alabama's lead-based paint disclosure applies to homes built before:
- → Under Idaho Code §55-1003, what is the current homestead exemption amount that protects a homeowner's primary residence from creditors?
- → Wisconsin is a:
- → In Illinois, which deed provides the greatest protection to the buyer?
- → What is the homestead exemption amount that Oregon law provides to protect a qualifying homeowner's equity from most unsecured creditors?
- → In Vermont, joint tenancy with right of survivorship requires:
- → Pennsylvania's adverse possession statute requires occupation for: