Tenancy for Life

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January 1, 1 7 min read Definitions

Tenancy for Life Life Estate Real Estate Ownership Property Law Life Tenant Remainderman

Tenancy for life, often referred to as a life estate, is a form of property ownership where one person (the life tenant) has the right to use and benefit from a property for the duration of their lifetime. Upon the death of the life tenant, the property passes to another party known as the remainderman or reversionary interest holder.