MBE Property

Question 1

Life Estate - Mortgage Duties of Life Tennant and Remaindermen

Answer 1

1. Property must be able to generate enough income to pay necessary operating cost (Mortgage, taxes, etc.)
2. If it can Life estate holder required to pay interest on mortgage and Remaindermen pays principal.

Question 2

Private Nuisance

Answer 2

Is a substantial and unreasonable interference with plaintiffs use and enjoyment of her land.

Question 3

Subsidence protection

Answer 3

If excessive extraction of underground materials causes support issues for adjacent buildings that existed prior to excavation then the owner is liable in negligence.