Property OwnershipIntermediateDelaware Exam

In Delaware, a life estate grants the life tenant the right to:

AOwn the property permanently
BUse and enjoy the property for the duration of their lifeCorrect
CTransfer the property to heirs at death
DMortgage the property without limit

Why Use and enjoy the property for the duration of their life Is Correct

Answer B: Use and enjoy the property for the duration of their life

A life estate grants the life tenant the right to possess and use the property during their lifetime. Upon death, the property passes to the remainderman as specified in the deed.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

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