Property Ownership
A property deed that states the property is conveyed 'to John Smith for life, then to Mary Jones' creates:
AA tenancy in common for life
BA life estate in John Smith with a remainder to Mary Jones✓ Correct
CA joint tenancy between John Smith and Mary Jones
DA fee simple with a condition subsequent
Explanation
This language creates a life estate: John Smith has ownership for his lifetime (life tenant), and upon his death the property passes in fee simple to Mary Jones (remainderman). Mary Jones holds a vested remainder during John's life.
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