Asked by: Emerenciana Caldero
business and finance real estate industry

What does pur autre vie mean in real estate?

Last Updated: 27th March, 2020

(per o -tra vee) Legal French meaning "for another's life." It is a phrase used to describe the duration of a property interest. For example, if Bob is given use of the family house for as long as his mother lives, he has possession of the house pur autre vie.

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Regarding this, what is the difference between a life estate and a life estate pur autre vie?

A life estate is an interest in land whose duration is measured by a human life. The holder has the right to possess the property as long as he or she lives. A life estate that is not measured by the life of the holder is known as a life estate pur autre vie (“for the life of another”).

Likewise, is a life estate Defeasible? A defeasible life estate is one that terminates upon the occurrence of a specified event or condition or upon the death of the life tenant, whichever occurs first (e.g., A conveys property to B for life as long as the property is used for residential purposes).

Subsequently, one may also ask, how long does a life estate last?

In common law and statutory law, a life estate (or life tenancy) is the ownership of land for the duration of a person's life. In legal terms, it is an estate in real property that ends at death when ownership of the property may revert to the original owner, or it may pass to another person.

How do you end a life estate?

A person with a life estate may end the life estate while she's still living by creating and filing another deed to the property that specifically terminates her life estate. A deed terminating a life estate usually has the remainderman named on the original life estate deed as the receiver of the real estate.

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What are the types of legal life estates?

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What does fee simple mean in real estate?

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What does joint tenancy mean?

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Can an executory interest follow a life estate?

A springing executory interest cuts short the grantor's own interest, in favor of the grantee. Analysis (B): B has a remainder vested in interest (or vested subject to complete divestment), since the future interest follows a life estate and is contingent on whether B reaches the age of 25 years.

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What's the difference between reversionary interest and Remainderman interest in a property?

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Who pays property taxes on a life estate?

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Who owns the house in a life estate?

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Can a nursing home take a life estate?

The most common issue that arises is that the costs of a nursing home or other long-term care eat away at a person's assets until they're gone. Creating a life estate effectively transfers the bulk of the home's property to whomever the person names to hold the remainder interest.

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Can I sell my house if I have a life estate?

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Does a life estate override a will?

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Is a life estate considered a gift?

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Does a will override a deed?

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What happens to a life estate after the person dies?

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Can a life estate deed be challenged?

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What does it mean to have a fee simple Defeasible estate?

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