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No. They have no personal responsibility regarding the owner's personal liability in an accident.
No. They have no personal responsibility regarding the owner's personal liability in an accident.
No. They have no personal responsibility regarding the owner's personal liability in an accident.
No. They have no personal responsibility regarding the owner's personal liability in an accident.
What else can I help you with?
Can a life estate be undone?
The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.
What Life estate is measured by the life of a person other than the life tenant?
In NC if the life estate person moves out does that break the life estate so the remainder of the owners can sell the the house and land
In chapter 5 why do the owners of the land want the tenant farmers to leave?
here is the answer, Because the owners are losing money on tenant farmers. If I am wrong comment down below
Can an owner of a life estate in Kentucky take out a mortgage on their property?
No. The life tenant no longer owns the property. The signature of the fee owners would be required as well as the signature of the life tenant.No. The life tenant no longer owns the property. The signature of the fee owners would be required as well as the signature of the life tenant.No. The life tenant no longer owns the property. The signature of the fee owners would be required as well as the signature of the life tenant.No. The life tenant no longer owns the property. The signature of the fee owners would be required as well as the signature of the life tenant.
How do you sever a life estate in Florida?
A life estate is extinguished by the death of the life tenant or by the life tenant executing a deed of release of the life estate.
Can someone other then the life estate holder take a mortgage out on the property without the life estate holders permission?
No. Only the fee owners can mortgage the property and they can only do so with the written consent of the life tenant.
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.
Is Joint Tenant the same as right of survivorship?
Generally a joint tenant has a right of survivorship in the property. That means if the other joint tenant dies their interest in the real estate passes automatically to the surviving joint tenant with no need of probate.Generally a joint tenant has a right of survivorship in the property. That means if the other joint tenant dies their interest in the real estate passes automatically to the surviving joint tenant with no need of probate.Generally a joint tenant has a right of survivorship in the property. That means if the other joint tenant dies their interest in the real estate passes automatically to the surviving joint tenant with no need of probate.Generally a joint tenant has a right of survivorship in the property. That means if the other joint tenant dies their interest in the real estate passes automatically to the surviving joint tenant with no need of probate.
When a life tenant dies with a will and property is willed the children is that property part of the estate?
A life estate expires when the life tenant dies. A life tenant doesn't own the property, it doesn't become part of their estate and therefore they cannot leave it to their heirs in their will. When a life estate is set up in a deed or will there is also a 'remainderman' who will own the property when the life tenant dies.
Does joint tenant with rights of survivorship guarantee 50 percent ownership if property is sold?
Yes, if there are two owners. Joint tenants have an equal interest in their real estate by law.
How do you dissolve a life estate?
A life estate can be dissolved by the life tenant voluntarily surrendering their rights, or through a legal action by the remainderman to terminate the life estate. Dissolution can also occur through mutual agreement between the life tenant and the remainderman, or if the terms of the life estate end naturally, such as upon the death of the life tenant.
Can you revoke a verbal life estate if life tenant puts up a gate and physically assaults another tenant?
There is no such thing as a verbal life estate. A life estate must be granted in writing. Therefore whatever "verbal" agreement you have, it is not a life estate. You should consult with an attorney or landlord/tenant agency in your area to determine if your tenant must be given notice to leave the premises.
