MLchartDataset catalogue

Life estate

Term · Law · MLC-T-LAW-003037

An interest in real property that grants the holder the right to possess and use the property for the duration of their natural life. Upon the death of the life tenant, the property reverts to the original grantor or passes to a designated remainderman. The life tenant is generally responsible for maintaining the property and paying property taxes.

Table 1. Record
IdentifierMLC-T-LAW-003037
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003037",
  "term": "Life estate",
  "field": "Law",
  "definition": "An interest in real property that grants the holder the right to possess and use the property for the duration of their natural life. Upon the death of the life tenant, the property reverts to the original grantor or passes to a designated remainderman. The life tenant is generally responsible for maintaining the property and paying property taxes.",
  "url": "https://mlchart.com/terminology/law/life-estate/"
}

Record 2,990 of 5,441 in Law terminology (MLC-0107). Request the full dataset.