Property Flashcards by Nicole Newell

Q

Fee Simple Absolute

A

100% ownership forever

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Life Estate

A

You own it for your life

-Owe interest & taxes
-Can do whatever you want except commit waste

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Reversion

A

It’ll go back to the OG grantor

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly