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present estates (LIFE
ESTATE (Permissive Waste (maintaining, pay…
present estates
LIFE
ESTATE
romantic estate (never years, all my life :<3:)
the life estate pur autre vie: a life estate measured by a life other than the grantee's (to A for the life of B)
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Permissive Waste
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this duty is limited to the extent of the income or profits derived from the land (or if there is no actual income or profit, to the extent of the reasonable rental value of the land)
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(must be explicit in lifetime terms, never in terms if years)
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devisable: it can pass bywill; descendible: it pass by the statute of intestacy; alienable: transferable inter vivos