Kovats Real Estate School Practice Test

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Which of the following estates does NOT last indefinitely?

  1. Fee simple estate

  2. Freehold estate

  3. Life estate

  4. All of the above last indefinitely

The correct answer is: Life estate

A life estate does not last indefinitely because it is specifically tied to the life of an individual, referred to as the life tenant. Once the life tenant passes away, the estate is automatically terminated, and ownership of the property will transfer to another party as defined by the terms of the life estate. This contrasts with fee simple and freehold estates, which generally continue indefinitely and can be passed down through inheritance or sold, ensuring long-term ownership. In essence, a life estate is characterized by its temporary nature, since it is bound by the duration of a person’s life, making it distinctly different from the other types of estates that allow for perpetual ownership.

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