Property Ownership
In Connecticut, a 'remainderman' in a life estate transaction is:
AA co-tenant in a joint tenancy
BThe person who receives title to the property when the life tenant dies✓ Correct
CThe life tenant's mortgage lender
DA tenant who remains after lease expiration
Explanation
A remainderman holds a remainder interest—the right to receive full ownership of the property when the life estate ends (typically upon the life tenant's death). The remainderman holds a future interest during the life estate.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
EasementA non-possessory right to use another person's land for a specific purpose.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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