Life Estate | Real Estate Exam Concepts Explained
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YouTubePrepAgent
Life Estate | Real Estate Exam Concepts Explained
A life estate is the ownership of land for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when ownership of the property either reverts to the original owner or passes to another person. Let’s explain this using the story of a life estate, creatively modified so that you can pass your ...
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