Property Ownership
In Colorado, a 'life estate' grants the life tenant the right to:
APermanent ownership that can be inherited by their heirs
BUse and possess the property during their lifetime, after which title reverts to the remainderman✓ Correct
CLease the property for any period of their choosing
DMortgage the property for any amount
Explanation
A life estate gives the life tenant the right to use, possess, and benefit from the property during their lifetime. They cannot waste (damage) the property. When the life tenant dies, title passes to the remainderman (or reverts to the grantor).
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