life estate

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life estate

n
(Law) property that may be held only for the extent of the holder's lifetime
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
"What's different at Llanerchaeron is the tenant for life situation where the women could stay and have a say in the management of the estate.
The income would be paid to the life tenant for life and upon death, the principal would pass to the remaindermen.
Several thousand units had been kept vacant and out of the housing market because under an earlier law, once a tenant came in, they became a tenant for life. Unit owners that moved out because of life changes and then could not sell, but naively rented in order to cover their own expenses, found themselves to be victims when the tenants would not leave or obtained rent rollbacks for non-compliance with rent regulations.