Property Ownership
A life estate in New Mexico grants the holder (life tenant):
AOwnership rights for a fixed term of years
BOwnership rights only during their lifetime or the lifetime of a designated person✓ Correct
CPerpetual ownership rights
DThe right to subdivide and sell portions of the property
Explanation
A life estate grants ownership rights measured by a life—either the life tenant's own life (pur sa vie) or the life of another person (pur autre vie). Upon the measuring life's death, the estate terminates.
Related New Mexico Property Ownership Questions
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