Property Ownership
In NC, a 'remainder interest' in a life estate goes to:
AThe life tenant's heirs
BThe remainderman — the person or entity who will receive fee simple ownership after the life estate ends✓ Correct
CThe original grantor automatically
DThe state of NC
Explanation
At the end of a life estate, full ownership passes to the remainderman — the named beneficiary or reversionary party designated in the original deed creating the life estate.
Related North Carolina Property Ownership Questions
- A 'declaration of covenants, conditions, and restrictions' (CC&Rs) in a NC planned community is recorded to:
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- Which form of co-ownership includes the right of survivorship and is available only to legally married spouses in North Carolina?
- A 'quitclaim deed' in NC conveys:
- Adverse possession in NC allows a person who occupies land without permission to gain title after how many years of continuous, open, hostile, and actual possession?
- In NC, an 'encroachment' occurs when:
- Which type of deed provides the buyer with the LEAST protection?
- Which of the following BEST describes a leasehold estate?
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