Property Ownership
A life estate in NC grants the life tenant the right to:
ASell the property and keep all proceeds
BUse and enjoy the property for their lifetime, but not waste it✓ Correct
CDevise the property in their will
DMortgage the property for more than the remaining life
Explanation
A life tenant may use, occupy, and even lease or mortgage the property during their lifetime. However, they cannot commit waste (unreasonably damage the property) and cannot convey greater rights than they hold (their interest ends at death).
Related North Carolina Property Ownership Questions
- In NC, a 'mineral rights' reservation in a deed means:
- Which of the following best describes 'escheat' under NC law?
- A tenancy at will in North Carolina is one in which:
- A lien is best described as:
- A periodic tenancy in North Carolina:
- A 'license' (in property law, not real estate licensing) differs from an easement in that a license:
- A 'survey' of a NC property serves to:
- Mineral rights in North Carolina may be:
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