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LSDefine

Simple English definitions for legal terms

life-owner

Read a random definition: uterine

A quick definition of life-owner:

A life-owner, also known as a life tenant, is a person who has the right to use and benefit from a property until they die. They are not the full owner of the property, but they have the right to use it and enjoy it during their lifetime. There are two types of life tenants: legal life tenants who automatically have the right to possess the property, and equitable life tenants who may need to seek permission from a court to possess the property.

A more thorough explanation:

Definition: A life-owner, also known as a life tenant, is a person who has the right to use and benefit from a property until their death. They hold a life estate, which means they have ownership of the property for the duration of their life.

Examples:

  • Equitable life tenant: A spouse who is not automatically entitled to possession of the property but can make an election allowed by law to become a life tenant. They may be granted possession by a court if they provide security or an undertaking.
  • Legal life tenant: A life tenant who is automatically entitled to possession of the property by virtue of a legal estate.

For example, if a person inherits a house and becomes a life tenant, they have the right to live in the house and use it as their own until they die. However, they cannot sell the property or make any permanent changes to it without the permission of the remainderman, who will inherit the property after the life tenant's death.

life of a writ | life peerage

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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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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