In a life estate, a remainderman receives full ownership of the property when which of the following occurs?
Correct Answer
B) The life estate ends upon the death of the life tenant
A remainderman is the person designated to receive full ownership of property upon the termination of a life estate. The life estate ends when the life tenant dies, at which point title automatically passes to the remainderman without the need for probate. The remainderman holds a future interest — not a present possessory right — during the life tenant's lifetime.
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Related Topics & Key Terms
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Related Concepts
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
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