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

Question

Quizplus · Accepted Answer

A life estate is a type of ownership interest in property that grants the owner (known as the life tenant) the right to use and possess the property for the duration of their life. In this scenario, Roderick has the right to use the land and cut its timber for his lifetime, but does not have the ability to sell the property or pass it on to heirs. Additionally, Roderick has the right to lease the land for a period not exceeding his life, which is consistent with the restrictions placed on a life estate. Therefore, a life estate is the most appropriate type of ownership interest in this scenario.

Roderick Possesses Five Hundred Acres of Forested Property