Portland Oregon Deed Conveying Property to Charity with Reservation of Life Estate
Category:
State:
Multi-State
City:
Portland
Control #:
US-0550BG
Format:
Word;
Rich Text
Instant download
Description
A life estate is an interest in real property, including the right to use and occupy the property for the duration of the lifetime of the life estate holder. A life estate terminates upon the death of the holder. The owner of life estate is called a life tenant. After the death of the life tenant the estate either reverts back to the title holder or to the survivor or remaindermen mentioned in the deed bestowing life estate.
