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Property rights and titleSubject 3 of 19

Life estate

An ownership interest measured by the life of a named person.

Direct answer

What does Life estate mean?

An ownership interest measured by the life of a named person.

Exam cue: Identify the life tenant, the measuring life and who receives possession when the life estate ends.

What does it look like in a question?

New York example

An owner conveys a home to a child but reserves the right to possess it for the owner's lifetime.

Common exam trap

What should you not confuse it with?

A life estate is a freehold estate, not a fixed-term lease.

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