What occurs when the holder of a life estate uses the property in a way that reduces the value of the estate that a future holder will receive?
A) Waste
B) Remainder
C) Repercussions
D) Surplus
E) Residual impact

Question

Quizplus · Accepted Answer

Waste occurs when the current holder of a life estate uses the property in a manner that diminishes its value, potentially harming the interests of future interest holders.

What Occurs When the Holder of a Life Estate Uses