ownership of a property that could be terminated upon the happening of a specific events is known as?

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Choices
A)reverter
B)fee estate
C)easement
D)life estate

2006-07-14 02:27:58 · 3 answers · asked by olufemi a 1 in Business & Finance ➔ Renting & Real Estate

D) life estate --- ownership ends with the his/her death.

2006-07-14 02:41:39 · answer #1 · answered by Sam B 4 · 0⤊ 0⤋

It is a reverter. The ownership of the property reverts back to the prior owner if the specific event occurs.

2006-07-14 18:55:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋

D)life estate

2006-07-14 18:22:13 · answer #3 · answered by charlottebuyer 2 · 0⤊ 0⤋