Asked by Kristie Smith on Jun 25, 2024

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"To Geraldo for life" is an example of which type of estate?

A) Conditional
B) Life
C) Leasehold
D) Future interest
E) Fee simple absolute

Life Estate

A property interest that lasts for the life of a specific individual, after which ownership can revert to another person or entity.

Conditional

Depending on or subject to one or more conditions or requirements being met.

Leasehold

Leasehold refers to a property interest that allows the holder (lessee) to use the property for a fixed period of time under the terms of a lease agreement.

  • Recognize the consequences associated with life estates, encompassing the notion of waste and rights to future interests.
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Verified Answer

AA
Agustin ArceoJun 27, 2024
Final Answer :
B
Explanation :
"To Geraldo for life" is an example of a life estate, which grants ownership rights to a person for the duration of their life.