Property Ownership
A Minnesota property owner has a life estate and wants to sell the property. What can they sell?
AThe entire fee simple interest
BOnly their life estate interest (the purchaser would have rights only during the original life tenant's lifetime)✓ Correct
CNothing, since life estates cannot be transferred
DTheir rights must be auctioned by a court
Explanation
A life tenant in Minnesota can sell or transfer their life estate interest, but only to the extent of that interest. The purchaser would receive property rights only for the duration of the original life tenant's life (measured by the life in being). Once the original life tenant dies, the remainder interest holder takes possession. This is called a pur autre vie life estate.
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