Property Ownership

In Rhode Island, a life estate conveys real property ownership that lasts for the duration of:

AThe property's mortgage term
BThe measuring life (typically the life tenant's life)✓ Correct
CA fixed 99-year period
DThe grantor's children's lives

Explanation

A life estate is an ownership interest that lasts for the duration of the measuring life, which is typically the life tenant's own life, though it can be measured by the life of another (pur autre vie).

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