With a life estate,the future owner has an interest in seeing that the life tenant does not ________ the property.
A)possess
B)utilize
C)improve
D)waste
E)repair

Question

Quizplus · Accepted Answer

With a life estate,the future owner has an interest in seeing that the life tenant does not waste the property; in other words,the life holder is not allowed to neglect or abuse the property in a way that diminishes the property value.If the life tenant fails to make necessary repairs or uses the property in ways damaging to its future value,the future holder could bring legal action against the holder of the life estate to recover damages for waste.

With a Life Estate,the Future Owner Has an Interest in Seeing