Asked by
jerome williams
on Nov 28, 2024
Verified
The owner of a life estate has the same rights as a fee simple owner, including the right to sell the property or pass it to his or heirs.
Life Estate
An interest in land that exists only for the duration of the life of a specified individual, usually the holder of the estate.
Fee Simple Owner
The highest form of property ownership, providing full rights to the land and its structures.
- Master the concept of property rights and interests, addressing numerous forms of ownership and tenancy relationships.
Verified Answer
JZ
Learning Objectives
- Master the concept of property rights and interests, addressing numerous forms of ownership and tenancy relationships.