Property Ownership
In Tennessee, a property owner who wants to leave their home to a specific person while allowing another person to live there until death would use a:
AFee simple deed with a right of first refusal
BLife estate deed naming one person as life tenant and another as remainderman✓ Correct
CJoint tenancy deed with two grantees
DTrust deed naming both persons as beneficiaries
Explanation
A life estate deed creates a life tenancy for the life tenant (who may live in and use the property for their lifetime) and names a remainderman who receives fee simple ownership automatically upon the life tenant's death.
Related Tennessee Property Ownership Questions
- In Tennessee, the Tennessee Residential Property Condition Disclosure Act requires sellers to disclose:
- A leasehold estate gives the tenant:
- A color of title claim in Tennessee adverse possession means:
- Tennessee's Horizontal Property Act governs:
- In Tennessee, a 'fee simple absolute' ownership interest is best described as:
- Accretion refers to the addition of land caused by:
- In Tennessee, a 'mineral rights reservation' in a deed means the grantor:
- In Tennessee, a 'partition action' is a legal proceeding that allows:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →