Property Ownership

A life estate gives the life tenant the right to:

AOwn the property forever and pass it to heirs
BUse and possess the property only for their lifetime✓ Correct
CSell the property without restriction
DLease the property for periods longer than their life expectancy

Explanation

A life estate grants ownership and use of property only for the duration of the life tenant's life (or another designated person). Upon death, ownership passes to the remainderman. The life tenant cannot encumber the property beyond their lifetime.

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