life estate

Englisch - Englisch

Definition von life estate im Englisch Englisch wörterbuch: An estate in land which is owned by a party only for the duration of the life of that party, and for which ownership will revert to another upon the death of that party; A right to use and to enjoy land and/or structures on land only for the life of the life tenant The estate reverts back to the grantor (or to some other person), at the death of the person to whom it is given A property right to last only for the life of the life tenant is called the estate "pur sa vie " If it is for the duration of the life of a third party, it is called an estate "pur autre vie" The rights of the life tenant are restricted to conduct which does not permanently change the land or structures upon it; A right granted to a person to use a property for the rest of their life Upon the demise of the holder of the life estate, use of the property reverts to the holder of legal title; Either an estate for the life of the life tenant alone or an estate for the life or lives of some other person or persons If the estate is for the life of a person other than the life tenant, it is known as an estate uprooter vie; A estate in real property for the life of a person; An interest in real estate which is limited to the lifetime of some certain person; Any estate in real or personal property which is limited in duration to the life of its owner or the life of some other designated person; Interest in land that lasts for the life of the grantee; An estate in real property for the life of a living person The estate then reverts back to the grantor or to a third party; An estate in real property for a person's life Upon death the estate reverts back to the grantor or on to a third party; A form of property ownership, also known as a life interest, giving the holder (the life tenant) an interest in the property to possess, use, and enjoy the property, or income from the property, for the duration of their life Upon the death of the holder, the remainder interest automatically reverts to the original owner or passes to a beneficiary (known as the remainder person); An interest in real property, which is held for the duration of the life of some certain person It may be limited by the life of the person holding it or by the life of some other person; An estate in real property for the life of a living person Upon that person's death, the property is then returned back to the grantor or on to a third party; Any estate in real or personal property that is limited in duration to the life of its owner or the life of some other designated person Although classified as a freehold estate because it is a possessory estate of indefinite duration, a life estate is not an estate of inheritance For example, Bob Smith conveys his home to his son John and reserves a life estate for himself Bob (the life tenant) has a life estate, and Hohn has a reversionary interest in the property When Bob Smith dies, the fee simple property reverts to John (See freehold estate); An estate in real property for the life of a living person The estate then reverts back to the grantor or on to a third party; An estate of freehold held for a limited time, that is, it may be granted for the life of the tenant or some other person See estate in remainder; use interest in property until death; A limited right in a property, to use or occupy the property for the life of the person holding the estate after which title reverts to the grantor or a named third party; an interest in real property which is given to a person only for the duration of someone's life; An estate limited in duration to the life or lives of one or more designated persons; An interest in real property which lasts only for the term of the life or lives of one or more persons; Less than a fee simple ownership created for the life of anyone except the grantor; A life estate is granted for the term of a life of some person Upon their death, it either "reverts" to the grantor, or the "remainder" interest will pass to a predetermined third party Reversionary or remainder rights are "Future Interest"; An interest in real property reserved or granted by or to an individual for the duration of his or her life; (law) an estate whose duration is limited to the life of the person holding it; An estate in real property for the life of a living person The estate then reverts back to the grantor or on to a third party; {i} (Law) estate or property that belongs to a person only during his/hers lifetime and can only be sold or transferred after the death of said person
life estate pur autre vie: An estate in land which is given by a grantor to a party only for the duration of the life of a third party, and for which ownership will revert to another upon the death of that third party
Example: Joe gives property to Mike for the life of Bob; Joe has created a life estate pur autre vie for Mike, but when Bob dies, the property automatically reverts to Joe.
estate for life: A life estate
life estates: plural form of life estate