Asked by Tasha Christina on Jun 12, 2024
Verified
A life tenant may do anything with the land that is legal.
Life Tenant
An individual who has the right to use and benefit from a property during their lifetime, but cannot sell or transfer the property.
Legal
Pertaining to the law or the system of rules that are enforced through social institutions to govern behavior.
- Identify the distinctions among multiple forms of property rights, including fee simple, life estate, and leaseholds.
Verified Answer
JT
Julie ThachJun 15, 2024
Final Answer :
False
Explanation :
A life tenant has the right to use and benefit from the land during their lifetime, but they must not commit waste or take actions that would significantly alter or damage the property's value for the remainder of or future interest holders.
Learning Objectives
- Identify the distinctions among multiple forms of property rights, including fee simple, life estate, and leaseholds.