Which ownership grants ownership for the duration of the life of the life tenant?

• A. Right of Survivorship
• B. Life Estate
• C. Condominium Ownership
• D. Freehold Estate

Answer: (B)

A life estate is an ownership interest that lasts only for the life of the life tenant. The life tenant can use, possess, and benefit from the property, but their rights end at death. After they die, the property passes to the designated future owner (remainderman) or reverts to the grantor. This exactly matches the idea of ownership for the duration of the life of the life tenant.

The other forms don’t fit that time frame: right of survivorship involves passing interests to other co-owners upon death and isn’t tied to one person’s lifespan; condominium ownership is unit-based ownership with shared common areas and is not defined by a person’s life span; freehold estate is a broad category that includes life estates but doesn’t specify the life-limited duration itself.