If I grant my grandma a life estate and she asks about her rights and duties as a life tenant,which of the following is true?
A) If I make no indication of who the property is to go to when she dies,the property reverts back to my estate.
B) The life tenant,after 20 years,can establish an easement interest in the property.
C) The life tenant is not responsible to make repairs to keep the property in good condition,only the fee simple owner has that responsibility.
D) Grandma,as life tenant,holds a reversion interest in the property.
E) The life tenant can transfer the fee simple to someone in her will.
Correct Answer:
Verified
Q49: If a person wanted to build a
Q51: Old Uncle Isaac has a cold and
Q52: Brenna owns two adjacent lakeside lots.She sells
Q53: Life estates are another way of describing
Q55: In 2004,Ned bought two hectares in Richmond.In
Q58: Which one of the following is true
Q59: Interests in land "run with the land."
Q88: What is meant by a reversionary interest
Q113: Distinguish between a tenancy in common and
Q146: When a person has the right to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents