Property Ownership
A life estate grants the life tenant the right to:
AOwn and use the property only during their lifetime✓ Correct
BOwn the property permanently and pass it to heirs
CUse the property temporarily while paying rent
DPurchase the property at fair market value
Explanation
A life estate grants ownership and use of the property during the life tenant's lifetime (or the measuring life). Upon the life tenant's death, ownership passes automatically to the remainderman or reverts to the grantor.
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