Property Ownership
An Arizona property owner who voluntarily transfers their real property to a nonprofit conservation organization by deed while retaining the right to live there is creating a:
AConservation easement
BLife estate with a remainder to the nonprofit✓ Correct
CFee simple transfer with a lease-back
DTenancy at will
Explanation
When an owner transfers fee title while retaining the right to occupy the property for their lifetime, they are creating a life estate (they hold the life estate) with a remainder interest in the recipient (the nonprofit).
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