Definition of "Life tenant"

Tony Curcio, Broker real estate agent
Tony Curcio, Broker, Real Estate Agent William Raveis Real Estate - Stamford

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.

 

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