Property Ownership
In Virginia, a 'remainder interest' in a property following a life estate will vest possession when:
AThe remainderman reaches age 21
BThe life tenant dies, ending the life estate✓ Correct
CThe property is sold
DThe remainderman pays fair market value
Explanation
A remainder interest follows a life estate and vests in possession when the life estate terminates — typically upon the death of the life tenant. Until then, the remainderman has a future interest.
Related Virginia Property Ownership Questions
- A Virginia buyer purchases a home subject to an existing deed of trust. 'Subject to' means the buyer:
- In Virginia, a survey that describes property using the metes and bounds system starts at:
- In Virginia, a property owner may prevent prescriptive easements from forming by:
- A Virginia property owner's title is best described as 'marketable' when:
- Under the Virginia Condominium Act, regular assessments that are unpaid by a unit owner become a lien on the unit that:
- In Virginia, a property held in trust for a minor beneficiary is managed by:
- In Virginia, when two or more persons own real property with equal undivided interests and the right of survivorship, this is called:
- Virginia's Planned Unit Development (PUD) allows for:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →