A person who holds a freehold estate (ownership interest) only for his or her lifetime is said to hold a(n) _________ in the property.

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A life estate is a type of ownership interest in which the owner (known as the life tenant) holds the property only for their lifetime, after which ownership reverts back to the original grantor or to a remainderman who was designated at the time the life estate was created. The life tenant has the right to use and enjoy the property during their lifetime, but they cannot sell or dispose of the property in a way that would interfere with the rights of the remainderman.

A Person Who Holds a Freehold Estate (Ownership Interest) Only