What is a pur autre vie life estate? It endures over the lifetime of the owner, then passes to an heir. It ends with the death of the life estate owner and may pass back to the original owners or their heirs or to a named third party. It ends with the death of the original grantor, then passes to a third party. It endures over the lifetime of a third person, after which

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Cameron Bryan

Business

17 November, 09:52

What is a pur autre vie life estate? It endures over the lifetime of the owner, then passes to an heir. It ends with the death of the life estate owner and may pass back to the original owners or their heirs or to a named third party. It ends with the death of the original grantor, then passes to a third party. It endures over the lifetime of a third person, after which

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Tiara · Answer 1

It endures over the lifetime of a third person, after which the property passes from the tenant holder to the original grantor

Explanation:

"Pur autre vie" is a French phrase which refers to "for another's life". In such cases, the grantor passes on a property to a party, the duration of which is dependent on the life of a third person.

Upon the demise of such a third party, the estate in such a property gets reverted to the original grantor.

For example, A grants an estate in property to B, the duration of which is limited till the lifetime of C. In the event of C's death, the property reverts back to A i. e the original grantor.