Property Ownership
A life estate grants the holder the right to use and possess property:
AFor a fixed term of 99 years
BOnly during the summer months
CFor the duration of a specified person's lifetime✓ Correct
DUntil the property is sold
Explanation
A life estate is a freehold estate that lasts for the duration of a specified person's life (the measuring life). The life tenant has the right to use the property but cannot convey more than their life estate interest. Upon the death of the measuring life, ownership passes to the remainderman.
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