Property Ownership
A life estate in Oklahoma terminates upon:
AThe sale of the property
BThe death of the measuring life (life tenant)✓ Correct
CThe end of a lease term
DCourt order only
Explanation
A life estate terminates automatically upon the death of the measuring life (the life tenant or another designated person). At that point, ownership passes to the remainder beneficiary or reverts to the grantor.
Related Oklahoma Property Ownership Questions
- Oklahoma's homestead exemption also provides which important legal protection for homeowners?
- Two unmarried individuals own a property together with equal shares and the right of survivorship. This form of ownership is called:
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- Which type of deed in Oklahoma provides the buyer with the greatest protection against title defects?
- Oklahoma's Five Civilized Tribes hold certain lands as:
- A license in real estate law (not to be confused with an occupational license) refers to:
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