Life Tenant at Life

Life Tenant. If the property is sold, the proceeds are divided up between the life tenant and the remaindermen. A life tenant has all rights associated with ownership of real property, except the right to sell the property, until his/her (or someone else's) death.

The meaning of life tenant is a tenant having possession of property for the duration of his or her life : Even if the life tenant has children, still a vested remainder will have the ownership after tenancy expires. The life tenant violates a condition attached to the life estate.

PwC Tower Architect Magazine Studio Libeskind, Milan

The life tenant commits impermissible waste; A life tenant has all rights associated with ownership of real property, except the right to sell the property, until his/her (or someone else's) death. A person who has a life estate interest in real property until the end of the life of that person or someone else. Someone who is officially allowed to rent or use an area of land or a building for as long as they….