A life estate in North Carolina grants the life tenant the right to:
Why Use and possess the property for the duration of their life or another's life Is Correct
Answer B: Use and possess the property for the duration of their life or another's life
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
People Also Study
Related North Carolina Questions
- In North Carolina, a life estate grants the life tenant the right to:Property Ownership
- A 'life estate' in North Carolina grants the life tenant the right to:Property Ownership
- A life estate in NC grants the life tenant the right to:Property Ownership
- A North Carolina buyer's monthly payment is $1,800 and their gross monthly income is $5,400. What is their front-end (housing) ratio?Finance
- North Carolina brokers must renew their license by:North Carolina License Law
- Which type of ownership in North Carolina gives a married couple automatic right of survivorship?Property Ownership
- How many days does a North Carolina landlord have to return a security deposit after the tenant vacates?Property Management
- A 'use by right' in a North Carolina zoning ordinance means:Land Use & Zoning
Key Terms to Know
A freehold interest in real property that lasts only for the duration of a specified person's life.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
EasementA non-possessory right to use another person's land for a specific purpose.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →