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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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13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
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i just wanna rock
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bodyadaya
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let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
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@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
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Cornell
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@HopefullyinLawSchool What's YM?
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oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
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your*
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babycat
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another victim claimed
concorde
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pwned
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Might have to send in addendums for that
Dkk
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No wave, so sad.
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14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
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@EvolBunny: I will take the odds of 4, very promising
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I'm too drunk to taste this chicken
Dkk
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Lol, I suck I guess. @babycat
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suck what? (:
Dkk
14:42
suck at predicting
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