A will have the land until B dies, then the land will pass to C. For example: To A for the life of B, then to C. Also known as per autre vie (French for the life of another), this is the same set up, but the measuring life is another person. (A will have the land until death, then the estate will transfer to B).Īdditionally, a life estate could be for the life of another. See future estates.įor example: To A for life, then to B. At the end of the life, the estate will transfer to another by a reversion (if to the grantor) or remainder (if to another).
There are three kinds of Freehold Estates: Life EstateĪ life estate grants the holder use of the estate for the duration of a life, often that of the tenant. Present estates are divided into Non-Freehold Estates (in which the tenant does not hold possession - rents or leases) and Freehold Estates (in which the tenant does hold ownership). This may be contrasted with a future interest which is a future right to possess. The holder of this has the present or current right to possess the real property. Also known as a present possessory estate.
