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Simple English definitions for legal terms

equitable life tenant

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A quick definition of equitable life tenant:

An equitable life tenant is a person who has the right to use and benefit from a property until they die. They are not automatically entitled to possession of the property, but they can make an election to a person of that status, such as a spouse, and a court will usually grant possession if security or an undertaking is given. A legal life tenant, on the other hand, is automatically entitled to possession by virtue of a legal estate.

A more thorough explanation:

An equitable life tenant is a person who holds a life estate in a property and is entitled to its benefits until their death. They are also known as a tenant for life or a life-owner.

There are two types of life tenants: legal and equitable. A legal life tenant is automatically entitled to possession of the property, while an equitable life tenant is not automatically entitled to possession but can make an election allowed by law to a person of that status, such as a spouse.

For example, if John owns a property and grants a life estate to his wife, Mary, she becomes the equitable life tenant. If Mary decides to live in the property, she can make an election to possess it, and the court will grant her possession if she provides security or an undertaking.

Another example is if a parent grants a life estate to their child. The child becomes the equitable life tenant and can make an election to possess the property.

equitable disseisin | equitable mortgage

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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