Property Ownership
A life estate in Michigan terminates:
AWhen the property is sold
BWhen the life tenant or the measuring life dies✓ Correct
CAfter 99 years by operation of law
DWhen the remainderman requests it
Explanation
A life estate is measured by a life (the life tenant's or another designated person's). Upon the death of the measuring life, the life estate terminates and the property passes to the remainderman.
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Key Terms to Know
Life Estate
A freehold interest in real property that lasts only for the duration of a specified person's life.
EasementA non-possessory right to use another person's land for a specific purpose.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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