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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
A retirement home is a multi-residence housing facility intended for the elderly. The concept is sometimes called an old people's home, [9] old folks' home, or old age home, although old people's home can also refer to a nursing home. [10] Typically, each person or couple in the home has an apartment-style room or suite of rooms. Additional ...
A life interest [1] (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant. A life interest ends when the life tenant dies. An interest in possession trust is the most common example of a life ...
Regardless of whether a car is secured directly from a dealer, or an older person takes over a car lease for the remainder of the term, lessees have the option to buy the car at the end of the ...
You can live the American Dream, but it will cost you. The lifetime tab for such aspirations as owning a home, driving new cars, raising kids and taking annual vacations comes to a cool $4.4 ...
The extra years gained over the past nearly 75 years should be celebrated, Gori said. But they come with a challenge: lengthening the health span—or the number of years a person spends in good ...
Alienation: O's interest is vested. This interest is never subject to the rule against perpetuities. O's interest cannot be transferred inter vivos ("between living people"); can only be transferred by will or by intestate succession upon death of the grantor. This type of future interest follows a fee simple subject to a condition subsequent ...
The global challenge we should be talking more about.