Steve possesses five hundred acres of forested property.He has the right to use the land,including cutting its timber,for life.He also has the right to lease the land for a period not to exceed his life.This is
A)a fee simple absolute.
B)a leasehold estate.
C)a life estate.
D)an easement.

Question

Steve possesses five hundred acres of forested property.He has the right to use the land,including cutting its timber,for life.He also has the right to lease the land for a period not to exceed his life.This is​
A)a fee simple absolute.
B)a leasehold estate.
C)a life estate.
D)an easement.

Quizplus · Accepted Answer

Steve has a life estate, which means he has the right to use and benefit from the land for the rest of his life. However, once he passes away, the ownership and control of the land will pass on to someone else, as specified in the original agreement or will.

Steve Possesses Five Hundred Acres of Forested Property