Asked by Kristie Smith on Jun 25, 2024
Verified
"To Geraldo for life" is an example of which type of estate?
A) Conditional
B) Life
C) Leasehold
D) Future interest
E) Fee simple absolute
Life Estate
A property interest that lasts for the life of a specific individual, after which ownership can revert to another person or entity.
Conditional
Depending on or subject to one or more conditions or requirements being met.
Leasehold
Leasehold refers to a property interest that allows the holder (lessee) to use the property for a fixed period of time under the terms of a lease agreement.
- Recognize the consequences associated with life estates, encompassing the notion of waste and rights to future interests.
Verified Answer
AA
Agustin ArceoJun 27, 2024
Final Answer :
B
Explanation :
"To Geraldo for life" is an example of a life estate, which grants ownership rights to a person for the duration of their life.
Learning Objectives
- Recognize the consequences associated with life estates, encompassing the notion of waste and rights to future interests.