Property Ownership
A Rhode Island property owner who conveys a remainder interest while retaining a life estate is creating which type of ownership arrangement?
ATenancy in common
BLife estate with a future interest (remainder) in the grantee✓ Correct
CJoint tenancy
DTenancy by the entirety
Explanation
When an owner conveys a remainder interest to another while retaining a life estate, the owner becomes the life tenant and the grantee holds a vested remainder interest that becomes possessory upon the life tenant's death.
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