Property Ownership
In Tennessee, a 'remainder interest' in a property is held by the person who will:
AInherit the property after the mortgage is paid off
BReceive full ownership after the expiration of a life estate✓ Correct
CContinue occupying the property after a tenancy ends
DPurchase the remaining shares from co-owners
Explanation
A remainder interest is the future interest in a property that will become possessory after the termination of a prior estate, such as a life estate. The remainderman receives full ownership when the life tenant dies.
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