Can Someone With A Life Estate Sell The Property at Life

Can Someone With A Life Estate Sell The Property. You can sell a life estate property prior to the life tenant's death. Selling property with life estate in general real estate can be divided between:

You can sell a life estate property prior to the life tenant's death. The latter is referred to as a life estate pur autre vie (foranother life). That individual can be the person holding the life estate or it can be based upon the life of another person.

The value of your mom's life estate interest would be a portion of the fee simple absolute value of the property. He or she need not live in the property and use it as his or her home, but can rent it out full or part time or even sell the life interest in the property. And b) a remainder interest who receives full and complete ownership when the remainderman (person with life estate) dies. Neither may sell it without the other’s permission during the lifetime of the life tenant.