Life Tenant
The grantee who is the tenant of a life estate. When the tenant dies, the estate goes back to the grantor. For example, President Eisenhower and his wife, Mamie, were life tenants of the Gettysburg farm life estate granted by the U.S. government. Upon their deaths, the property reverted to the U.S. government as a historical site.
Popular Real Estate Terms
The person to receive the benefits of a trust when distribution occurs. Secondary beneficiaries may be nominated if the primary beneficiary predeceased the trust distribution. The ...
Process of conferring and consulting with clients concerning real estate investments and developmental projects. See also American Society of Real Estate Counselors (ASREC). ...
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Optional feature included in some homeowners insurance policies that pays the replacement cost of any personal property. ...
A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...
The vertical elements of a door or window frame which provide vertical support to the overall frame. ...
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The number of units currently occupied in a facility, neighborhood, or city, stated as a percentage of total capacity. For example, a hotel has 80 rooms available for guests. Its average ...
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