Future Interests Flashcards
1
Q
What happens if a life tenant is unable to make mortgage payments on a property and the future interestholder pays them instead?
A
Future interestholder is entitled to reimbursement of those payments (which had to be made to protect future holder’s interest)
2
Q
What interest does a third party have if it buys/receives a life estate?
A
Life estate pur autre vie
