Property OwnershipLegacy_property_ownershipMEDIUM
In Pennsylvania, a life tenant:
Correct Answer
B) Must maintain the property and pay taxes
A life tenant in Pennsylvania has a duty to maintain the property, pay property taxes, and avoid waste (damage to the property).
Answer Options
A
Can sell the property in fee simpleB
Must maintain the property and pay taxesC
Has no obligations to the propertyD
Can commit waste without restrictionVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-estateswaste-in-real-estateremainderman-rights
Key Terms:
life tenantlife estatewasteremaindermanproperty taxes
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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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