16:09
Just got my Michigan rejection
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Simple English definitions for legal terms
life-hold
Read a random definition: Federal Energy Regulatory Commission
A quick definition of life-hold:
Life-hold is a type of land that is leased for a certain period of time based on the life of one or more people. Land is an area of three-dimensional space that includes everything growing on or permanently affixed to it. It can be owned by individuals, the government, or used for specific purposes like schools or mining. Some land may require reclamation or drainage to make it suitable for use. When the government takes land for public projects, owners of the affected land are entitled to just compensation.
A more thorough explanation:
Definition: A type of land lease that lasts for the duration of one or more people's lives.
Example: A farmer leases a piece of land for his lifetime. When he dies, the lease ends and the land goes back to the owner.
This example illustrates how a life-hold lease works. The farmer only has the right to use the land for his lifetime, and when he dies, the lease ends. This type of lease was common in medieval times and was often used to provide for elderly or infirm people who could not work the land themselves.