Agreement For Life Estate

In most Jurisdictions of Torrens Title, a living tenant, such as in the United Kingdom and the United States, is entitled to ownership and enjoyment of the property, but as soon as the tenant dies, the property is returned to the conservator. [8] The main difference is that the estate is registered for life by the Registrar General of that jurisdiction and appears on the registered title. This has the effect of making it [9] one of the 9 types of recognized interest in the land and one of the four that confirm ownership. However, it seems reasonable that, on the basis of the law applicable to other transfers of public utility with shared interest (e.g.B residual foundations of public utility), a reserved power of withdrawal is allowed. As already said, property subject to a life reduction contract must be irrevocably transferred to charity. .