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Yes. The remainders actually own the fee in the property. They have the right to have the property maintained in good condition by the life tenant. If the life estate holder is wasting the property the remainders can sue in court to have the life estate terminated. Upon the death of the life tenant or the release of the life estate they will have the right to full use and possession of the property.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes. The remainders actually own the fee in the property. They have the right to have the property maintained in good condition by the life tenant. If the life estate holder is wasting the property the remainders can sue in court to have the life estate terminated. Upon the death of the life tenant or the release of the life estate they will have the right to full use and possession of the property.
Yes. The remainders actually own the fee in the property. They have the right to have the property maintained in good condition by the life tenant. If the life estate holder is wasting the property the remainders can sue in court to have the life estate terminated. Upon the death of the life tenant or the release of the life estate they will have the right to full use and possession of the property.
Yes. The remainders actually own the fee in the property. They have the right to have the property maintained in good condition by the life tenant. If the life estate holder is wasting the property the remainders can sue in court to have the life estate terminated. Upon the death of the life tenant or the release of the life estate they will have the right to full use and possession of the property.
Yes. The remainders actually own the fee in the property. They have the right to have the property maintained in good condition by the life tenant. If the life estate holder is wasting the property the remainders can sue in court to have the life estate terminated. Upon the death of the life tenant or the release of the life estate they will have the right to full use and possession of the property.
Wiki User
∙ 13y agoThe remainderman has no rights to use the property until the life estate is terminated. The life tenant however must preserve and maintain the property for the remainderman.
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What happens if life estate is terminated?
The remainderman has full vested rights in the property.
Who owns the grain after a life estate is closed?
If the individual has died, the life estate has ended. At that point the rights to the property have ended and belong to the remainderman.
How do you end a life estate after tenant goes to nursing home?
You can have the tenant quit claim their rights to the property. Or sell the life estate to the remainderman.
Can a remainderman be taken off the house deed?
The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).
Who is entitled to the bonus on the lease of mineral rights in a life estate the life tenant or the remainderman?
The life estate normally gives the individual the rights to all the benefits of the land until their death. That would include any bonuses or other income generated by the property.
Can adverse possession be claimed by a remainderman still subject to a life estate?
A remainderman is the person entitled to the use and possession of real property after the expiration of a life estate. The remainderman is the fee owner but the property is subject to the life estate. While the life tenant is living the life tenant has the right to the use and possession of the property.The answer is NO. The remainderman cannot claim adverse possession of the property in order to dispossess the life tenant of their interest.
Can the remainderman sell property in Virginia?
Probably, but the grantee would take inder the same provisions set forth in the original grant. A remainderman owns a future interest in fee.
Can the owner of a life estate in Florida sell or mortgage the property if a remainderman is on the deed?
They can only sell their rights to the property. Which only last as long as they live. No one would accept a mortgage on a life estate.
What is a reasonable access time for a remainderman's rights in property during the tenure of the life estate tenant?
Perhaps a monthly visit to inspect the condition of the premises set up at a time convenient for the life tenant.
Step-father has lifetime rights to house The county property taxes have not been paid for three years and foreclosure is a future possibility At what point can I sell the house?
You can sell your rights to the property at any time. I assume that you are the remainderman. You can pay the taxes and file suit against your step-father.
In a life estate does the remainder man inherit the property?
The remainderman can sell their interest as a remainderman in the property subject to the life estate. The life tenant has the right to the use and possession of the property for life.
Can the holder of a life Estate have a remainder arrested for trespass on a life estate property?
A definitive answer to your question requires more detail. Generally, a life estate owner has the right to the sole use and possession of the property. The remainderman has an interest in the property but no right to possession until the life estate has expired or the life tenant grants permission. Generally, the remainderman has no right to enter the dwelling but may have the right to maintain the grounds. The remainderman has the right to expectation that the life tenant will maintain the property in good repair and not allow it to deteriorate. Since laws vary in different jurisdictions you should consult with a local attorney who specializes in real estate law to determine your rights and responsibilities regarding the property. You should also review the document that created the life estate.A definitive answer to your question requires more detail. Generally, a life estate owner has the right to the sole use and possession of the property. The remainderman has an interest in the property but no right to possession until the life estate has expired or the life tenant grants permission. Generally, the remainderman has no right to enter the dwelling but may have the right to maintain the grounds. The remainderman has the right to expectation that the life tenant will maintain the property in good repair and not allow it to deteriorate. Since laws vary in different jurisdictions you should consult with a local attorney who specializes in real estate law to determine your rights and responsibilities regarding the property. You should also review the document that created the life estate.A definitive answer to your question requires more detail. Generally, a life estate owner has the right to the sole use and possession of the property. The remainderman has an interest in the property but no right to possession until the life estate has expired or the life tenant grants permission. Generally, the remainderman has no right to enter the dwelling but may have the right to maintain the grounds. The remainderman has the right to expectation that the life tenant will maintain the property in good repair and not allow it to deteriorate. Since laws vary in different jurisdictions you should consult with a local attorney who specializes in real estate law to determine your rights and responsibilities regarding the property. You should also review the document that created the life estate.A definitive answer to your question requires more detail. Generally, a life estate owner has the right to the sole use and possession of the property. The remainderman has an interest in the property but no right to possession until the life estate has expired or the life tenant grants permission. Generally, the remainderman has no right to enter the dwelling but may have the right to maintain the grounds. The remainderman has the right to expectation that the life tenant will maintain the property in good repair and not allow it to deteriorate. Since laws vary in different jurisdictions you should consult with a local attorney who specializes in real estate law to determine your rights and responsibilities regarding the property. You should also review the document that created the life estate.
