A ___ gives a person the full use and enjoyment of the real property until death.

Prepare for the Waco Title Insurance Test. Study with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Get ready for your exam!

A life estate is a legal arrangement that grants an individual the right to use and enjoy a property for the duration of their life. This type of interest in real property allows the holder to live in and benefit from the property, completely enjoying it without interference until they pass away. Upon the death of the individual holding the life estate, the property typically reverts to another party, which is often specified in the terms of the life estate arrangement.

The concept of a life estate is crucial in estate planning and real estate transactions, as it allows individuals to provide for their own needs during their lifetime while also establishing what happens to the property afterwards. This distinguishes it from other options like a lease agreement, which is temporary and does not convey ownership, or a remainder interest, which refers to a future interest in the property held by someone else after the life estate ends. Tenancy in common involves shared ownership among multiple parties, which does not inherently provide the same sole use or enjoyment characteristic of a life estate.

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