Principles of Real EstatePregunta 12 de 120
An estate that lasts only for the duration of a specified person's life is a:
a.Fee simple determinable
b.Periodic tenancy
c.Tenancy at sufferance
d.Life estate
Explicación
A life estate is a freehold interest measured by the life of a named person, often the life tenant. When that person dies, the property passes to a remainderman or reverts to the grantor. The life tenant may use the property but cannot commit waste.
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