Life estate
An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person.
More Real Estate Definitons
SetbacksInsured ValueEndorsementDeck RoofMechanic’s lienKnock DownBrownfieldsNonbearing WallZygocephalumJudgment DebtorBuilding PaperYard LumberLoad-BearingNet RentalJumbo LoanJointVendeeNoticeJoint tenancyKipNet leaseUnencumberedInquiry NoticeZero Side YardTime ShareTreasury BondsX-BracingPierLoan ServicingDonative IntentWarehouseNatural FinishMortgage ValueYieldFair ValueLeveeVacancy RateGroinGAAPFrench CurveALCMaster Plan