Property Ownership
In Hawaii, a 'life estate' that allows the life tenant to use and enjoy the property also requires the life tenant to:
AA. Sell the property when they can no longer maintain it
BB. Not commit 'waste' (not damage or diminish the property to the detriment of the remainderman)✓ Correct
CC. Pay all property taxes and insurance for the remainderman's benefit only
DD. Get the remainderman's permission for any improvements
Explanation
A life tenant must not commit waste—actions that would destroy or significantly diminish the property's value to the detriment of the person who holds the remainder interest.
Related Hawaii Property Ownership Questions
- In Hawaii, what is the most common form of leasehold ownership, especially in Honolulu?
- Personal property in Hawaii is also known as:
- Which type of deed provides the greatest protection to a buyer by containing full warranties of title?
- Which form of co-ownership in Hawaii includes the right of survivorship, meaning the deceased owner's interest passes automatically to the surviving co-owner(s)?
- A mechanic's lien in Hawaii may be filed by:
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