Under Delaware law, what is a 'life estate'?
Why A freehold estate that lasts only for the duration of a specified person's life, after which the property passes to the remainderman Is Correct
Answer B: A freehold estate that lasts only for the duration of a specified person's life, after which the property passes to the remainderman
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
People Also Study
Related Delaware Questions
- Under Delaware law, a life estate grants the life tenant the right to:Property Ownership
- In Delaware, a life estate grants the life tenant the right to:Property Ownership
- What right does a 'remainderman' have in a Delaware life estate?Property Ownership
- Adverse possession in Delaware allows a person to acquire title to another's property if they occupy it:Property Ownership
- In Delaware, a valid real estate contract requires all of the following EXCEPT:Contracts
- If a buyer makes an offer with an expiration time and the seller counters after the deadline, the buyer:Contracts
- The legal term for a contract that appears valid but can be voided by one party is:Contracts
- A contract entered into by a minor in Delaware is generally:Contracts
Key Terms to Know
A 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.
Joint TenancyCo-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.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →