Frank owns a life estate in a California property with the remainder to his niece, Amy. Frank fails to pay the property taxes for two years. Which statement is MOST accurate regarding Frank's obligations?
Correct Answer
D) Frank is responsible for paying property taxes during his lifetime as part of his duty to avoid waste
Under California law, a life tenant has the duty to maintain the property and avoid both voluntary and permissive waste. This includes the obligation to pay current property taxes, insurance, and ordinary maintenance during the life tenancy. Failure to pay taxes constitutes permissive waste, which could result in a tax sale that would harm the remainderman's interest.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Property Ownership Land Use Controls Question
Background Knowledge for Property Ownership Land Use Controls
Real World Application in Property Ownership Land Use Controls
Common Mistakes to Avoid on Property Ownership Land Use Controls Questions
Related Topics & Key Terms
Key Terms:
More Property Ownership Land Use Controls Questions
The highest form of property ownership in the United States is:
Fee simple is all of the following EXCEPT
The largest estate or ownership in real prop- erty is
In real estate, the term improvements most nearly means
In a physical sense, real estate may be said to include everything EXCEPT
- β All of the following real estate types can be depreciated, except:
- β Which of these is a direct building cost?
- β A man died without a will and with no sur- viving relatives. His four-acre farm will
- β Items that are affixed as appurtenances to land are usually real property. Which of these items is NOT real property?
- β A man dies testate, leaving a wife and minor son. He leaves all of his property to his son. His wife claims her elective share under the Uniform Probate Code. How will the manβs property be distributed?
- β When a person dies testate, her real property will
- β The rights to the space above the ground within vertical planes are BEST described as
- β All of the following are soil conditions, except:
- β The maker of a negotiable instrument is able to defend against a holder in due course in the event of:
- β While appraising a single family residence (SFR), an appraiser observes cracks in the walls and floor. In response, the appraiser best recommends which of the following?
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Previous Question
Sandra and her husband Greg purchase a home in San Diego during their marriage using earnings from Greg's salary. The deed lists only Greg's name. Under California law, how is the property classified?
Next Question
A married couple holds title to their California home as community property with right of survivorship (CPWROS). Upon entry of a final divorce judgment, how will a California court classify and divide this property?
