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life estate
(redirected from Life tenancy)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
life estate
n
(Law) property that may be held only for the extent of the holder's lifetime
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.life estate - (law) an estate whose duration is limited to the life of the person holding it
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
estate - everything you own; all of your assets (whether real property or personal property) and liabilities
dower - a life estate to which a wife is entitled on the death of her husband


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Grainger acquired 486 regulated and 374 life tenancy properties in 2004; it defied a flagging housing market by disposing of 10pc of its 12,000-strong housing portfolio and achieving average margins of 40pc.
The practice has also handled Grainger Trust's pounds 50 million purchase of Deutsche Bank's interests in the Bromley Property Group and its pounds 40 million purchase of life tenancy interests from life insurer NPI.
Her Majesty said it was sad she had to give up West Ilsley," said Major Hern, 77, who has been given a life tenancy at West Ilsley.
 
 
 
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