Property Ownership
An Iowa life estate grants the life tenant:
AFee simple ownership that can be freely sold
BThe right to use and enjoy the property during their lifetime, with the remainder passing to the remainderman at death✓ Correct
COwnership in perpetuity with no restrictions
DA leasehold interest for 99 years
Explanation
A life estate in Iowa gives the life tenant the right to possess and use the property during their lifetime. Upon the life tenant's death, the property passes to the named remainderman (or reverts to the grantor's heirs).
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