Property Ownership
In New York, a 'life estate' terminates upon:
AThe sale of the property
BThe death of the life tenant (or the measuring life)✓ Correct
CThe expiration of a 99-year lease
DThe recording of a new deed
Explanation
A life estate is a possessory interest in real property measured by the life of the life tenant (or another designated person, in which case it is called a life estate pur autre vie). It terminates automatically upon the death of the measuring life.
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