Property Ownership
A life estate in Georgia grants the life tenant the right to:
AOwn the property forever and pass it to heirs
BUse and possess the property for the duration of their life✓ Correct
CSell the property without restriction
DEncumber the property beyond their lifetime interest
Explanation
A life estate grants the life tenant the right to use, possess, and enjoy the property for the duration of their life (or the life of a specified measuring life). Upon their death, ownership passes to the remainderman.
Related Georgia Property Ownership Questions
- In a condominium, the common elements are owned by:
- A 'naked title' holder (as in a Georgia Security Deed) has:
- A mechanic's lien in Georgia is filed by:
- A special warranty deed in Georgia provides a covenant that:
- The bundle of rights associated with real property ownership includes all of the following EXCEPT:
- Which form of co-ownership is only available to married couples in states that recognize it?
- In Georgia, the county official responsible for maintaining the real property deed records is the:
- In Georgia, two unmarried co-owners each hold an undivided equal interest with the right of survivorship. This is called:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →