Connecticut Municipal Assessor Certification Practice Exam 2025 - Free Assessor Exam Practice Questions and Study Guide

The term that describes the property right allowing an individual to use a property for their lifetime is referred to as "Life Use." This legal arrangement enables the individual, often called a life tenant, to occupy and benefit from the property for the duration of their life. Once the life tenant passes away, the rights to the property transfer to another specified party or revert to the original owner, depending on how the property interest was structured.

Understanding the concept of life use is essential as it impacts how property interests are managed, especially in estate planning and property law. It distinguishes itself from other forms of property usage, such as temporary use, which does not grant enduring rights, or ownership deeds, which imply full ownership rather than a limited interest in the property. Lifetime ownership is not a standard term in real estate law and does not accurately convey the specifics of a life estate arrangement.