Asked by Stone Jamison on Jun 23, 2024
Verified
Which of the following refers to a person's present right to future property ownership and possession?
A) Conditional estate
B) Life estate
C) Leasehold estate
D) Future interest
E) Fee simple absolute
Property Ownership
The legal right to possess, use, and dispose of real estate or personal property.
Future Interest
A person’s present right to property ownership and possession in the future.
Present Right
The current legal ability to exercise a right or claim to property, as opposed to a future or conditional interest.
- Discern the ramifications of life estates, which include understanding waste and entitlements to future interests.
Verified Answer
JK
Jasleen Kaur ParmarJun 29, 2024
Final Answer :
D
Explanation :
Future interest refers to a legal right to property ownership and possession that will begin in the future, not immediately.
Learning Objectives
- Discern the ramifications of life estates, which include understanding waste and entitlements to future interests.