Ownership
Life Estate
A concise definition for the California Real Estate Exam study guide.
Definition
A freehold estate measured by a life. The estate ends when the measuring life ends. The holder cannot waste the property or commit acts that harm remainder interests.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 1: Real Estate Ownership & Land Use →