Chapter 3: The Life Estate Flashcards
1
Q
Name the 3 types of Waste
A
Affirmative
Permissive
Ameliorative
2
Q
If possession of the land goes back to the grantor after the life estate ends, then the grantor retains a __________________
A
reversion
3
Q
If possession of the land goes to a third party (transferee) after the life estate ends, then the third party takes a ________________
A
remainder
4
Q
What is a life estate “pur autre vie”?
A
Life estate measured against the life of someone else
5
Q
Can a life tenant pass the property by will?
A
No, the life estate ends at the tenant’s death
6
Q
True or False?
Affirmative Waste is an increase in the value of the property through the voluntary conduct of the current possessor
A
False; that’s the definition of Ameliorative waste
