ROOTS-L Archives

Archiver > ROOTS > 2008-06 > 1214070356


From:
Subject: Re: [ROOTS-L] ROOTS Digest, Vol 3, Issue 369
Date: Sat, 21 Jun 2008 13:45:56 EDT



In a message dated 6/21/2008 9:46:54 A.M. Pacific Daylight Time,
writes:

it is not uncommon for a farm to be sold or rented and a clause in the
transaction gives the former renter or owner the right to continue to live on the
building site until they die or are not longer able to live there. The
farm/building site then goes to the renter or new owner for use. During that
time, the land itself may be farmed by the new


In real estate it is called "life estate" and is often used to allow a widow
to stay in her home until she dies, and then it goes on to children or
whomever the will states are the heirs.

Patricia



**************Gas prices getting you down? Search AOL Autos for
fuel-efficient used cars. (http://autos.aol.com/used?ncid=aolaut00050000000007)


This thread: