Property Ownership
In New Mexico, which statement is TRUE about a life tenant's rights and obligations?
AA life tenant may destroy the property at will
BA life tenant may use and enjoy the property but must not commit waste (damage) or impair the remainderman's interest✓ Correct
CA life tenant has full ownership rights including the right to sell a fee simple interest
DA life tenant pays no property taxes
Explanation
A life tenant has the right to use, enjoy, and even lease the property during their lifetime, but may not commit waste (physical damage), impair the property's value, or convey more than their life estate interest.
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