Sandra deeded a lake cabin 'to Eric for life, then to Nina and her heirs.' Eric moved into the cabin immediately. What present estate does Eric hold?
Correct Answer
B) A present life estate measured by Eric's life
Eric holds a life estate because the deed gives him possession 'for life.' That is a freehold estate measured by Eric's lifetime, with Nina taking the property after that estate ends.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
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.
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