Which of the following is true of a life tenant?
A) A life tenant has the right to sell the life estate at will.
B) A person who gives a life estate to another is called a life tenant.
C) A life tenant can possess the life estate to the point of rendering it worthless by permanent damage.
D) A life tenant is treated as the owner of the property for the duration of the life estate.

Question

Quizplus · Accepted Answer

A life tenant has exclusive possession of the property during their lifetime, and is responsible for paying property taxes and maintaining the property. However, the life tenant cannot sell or mortgage the property without the permission of the remainderman (the person who will receive ownership of the property after the life estate ends). The life estate is owned by the person who grants it, who is called the grantor or donor, not the life tenant. Additionally, the life tenant is obligated to not commit waste, meaning they cannot use the property in a way that damages it beyond repair or significantly reduces its value.

Which of the Following Is True of a Life Tenant