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sarammm sarammm
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3 years ago
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?

▸ If I make no indication of who the property is to go to when she dies, the property reverts back to my estate.

▸ The life tenant, after 20 years, can establish an easement interest in the property.

▸ The life tenant can transfer the fee simple to someone in her will.

▸ Grandma, as life tenant, holds a reversion interest in the property.

▸ The life tenant is not responsible to make repairs to keep the property in good condition, only the fee simple owner has that responsibility.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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RahhaRahha
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3 years ago
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sarammm Author
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3 years ago
Brilliant ツ
jaray75
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Yesterday
this is exactly what I needed
kobbhy
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2 hours ago
Good timing, thanks!
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