Property Ownership
A life estate in North Carolina grants the life tenant the right to:
ASell the property outright
BUse and possess the property for the duration of their life or another's life✓ Correct
CMortgage the property beyond their life estate
DPass the property to their heirs
Explanation
A life tenant may use, occupy, and enjoy the property for the duration of the measuring life, but cannot convey more than their life estate interest.
Related North Carolina Property Ownership Questions
- Which type of ownership in North Carolina gives a married couple automatic right of survivorship?
- Under the NC Condominium Act (Chapter 47C), the 'common elements' of a condominium include all EXCEPT:
- In a tenancy in common, each co-owner:
- An 'air lot' in North Carolina is a type of ownership that refers to:
- In North Carolina, adverse possession requires the use to be all of the following EXCEPT:
- Real property in North Carolina includes all of the following EXCEPT:
- A tenancy at sufferance occurs when:
- A North Carolina homestead exemption primarily protects:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →