Property Ownership
A life estate grants the life tenant the right to use and enjoy the property:
APermanently, with the right to sell or devise it
BFor the duration of a measuring life, after which it passes to the remainderman✓ Correct
CUntil the grantor exercises the right of reversion at any time
DFor a fixed term of years regardless of who lives or dies
Explanation
A life estate lasts for the duration of a measuring life (usually the life tenant's). At the measuring life's end, ownership passes automatically to the remainderman (or reverts to the grantor).
Related Arkansas Property Ownership Questions
- Real property taxes in Arkansas are paid:
- The legal description method that uses a point of beginning (POB), compass directions, and distances is called:
- A 'life estate pur autre vie' is a life estate measured by:
- Gross lease means the tenant pays:
- An easement by necessity is created when:
- In Arkansas, a homestead exemption may reduce a property's assessed value for tax purposes by up to:
- Which of the following is a characteristic of a periodic tenancy?
- A prescriptive easement is acquired through:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →