Check Your Understanding Answers
- What is a life estate?
A freehold estate that is limited in duration to the life of the owner or other named person. Upon the death of the owner or other named individual, the estate passes to the original owner or another named party.
- What are the major forms of legal life estate?
Dower and curtesy
Elective share
Homestead
- What are leasehold tenants entitled to?
They are entitled to possess and use the leased premises during the lease term in the manner prescribed in the lease.
- What are the four types of leasehold estates and which of the four has no definite expiration date?
Estate for Years
Estate from Period-to-Period
Estate at Will
Estate at Sufferance
Estate at will has no definite expiration date.
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