Property OwnershipIntermediateArizona Exam

A life estate in Arizona terminates:

AWhen the property is sold
BUpon the death of the measuring lifeCorrect
CAfter 99 years by operation of law
DWhen the grantor records a deed of termination

Why Upon the death of the measuring life Is Correct

Answer B: Upon the death of the measuring life

A life estate is limited in duration to the life of a specified person (the measuring life). When that person dies, the property passes either to the remainderman or reverts to the grantor.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

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