Can a life estate be sold?
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Can a life estate be sold?
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Asked on December 6, 2016 under Real Estate Law, Alaska
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
A life tenant has the same rights as an outright owner of property, other than being able to sell the life estate. This means that, for exapmle, they can rent out the property for their own financial gain for the duration of their tenancy (i.e. their lifetime).
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
A life tenant has the same rights as an outright owner of property, other than being able to sell the life estate. This means that, for exapmle, they can rent out the property for their own financial gain for the duration of their tenancy (i.e. their lifetime).
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