Property Ownership
In Maine, a property deed that says 'to John Smith, to have and to hold for life' creates which type of estate?
AFee simple absolute
BFee simple defeasible
CLife estate (John as life tenant)✓ Correct
DLeasehold estate
Explanation
The language 'to have and to hold for life' creates a life estate, with John Smith as the life tenant. When John dies, the property passes to the remainderman or reverts to the grantor.
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