Life Estate Deed

This is a discussion on Life Estate Deed within the Real Estate and Property Law Questions forums, part of the Legal Questions & Answers Forum category; Is it legal for the Life tenant to vacate the property and rent it out. Can the future tenant sell the property if the life tenant vacates the property to ...

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  1. #1
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    Life Estate Deed

    Is it legal for the Life tenant to vacate the property and rent it out. Can the future tenant sell the property if the life tenant vacates the property to live elsewhere because of health reasons.


  2. #2
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    Generally, a life estate is for the life of that individual. He is not required to live there and can has a lot of freedom with what he can do with the property, but once he dies, then the estate passes to another individual as outlined in the deed.
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    May be in future the tenant can sell the property with the new law.


 

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