tak

Life estates are a legal concept that has been around for centuries. It is a way for a property owner to transfer ownership of their property to someone else while still retaining the right to use and enjoy it for the rest of their life. - https://fastercapital.com/content/Life-Estate-Termination--W...

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Here are some important points to keep in mind when it comes to life estate termination:

1. Termination by the Life Tenant: The life tenant may voluntarily terminate the life estate by selling or transferring their interest in the property to another person. For example, if the life tenant decides to move to a different location, they may sell the life estate to someone else. The new owner would then become the life tenant and would have the right to use the property during their lifetime.

2. Termination by Mutual Agreement: The life tenant and the remainderman may agree to terminate the life estate by mutual agreement. For example, the life tenant may agree to relinquish their right to use the property in exchange for a cash payment or other consideration. - https://fastercapital.com/content/Life-Estate-Termination--W...

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Note added at 44 mins (2024-06-16 16:28:09 GMT)
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Surrender

A life tenant can choose to surrender their life estate, voluntarily giving up their property interest before their death or the expiration of the measuring life. In this case, the property interest reverts to the original owner, their heirs, or another designated party. - https://www.financestrategists.com/estate-planning-lawyer/li...

Surrender

A life tenant can choose to surrender their life estate, voluntarily giving up their property interest before their death or the expiration of the measuring life. In this case, the property interest reverts to the original owner, their heirs, or another designated party. - https://www.financestrategists.com/estate-planning-lawyer/li...

Propozycja.

A 'gratuitous easement' is a registrable Anglo-Am. right to cross or 'pass and repass' over land, including a garden. Servitude is the Scots law, generic term, covering inter alia a car parking right.

A licence to occupy is *personal* and routinely non-registrable, short of a tenancy and includes even a temporary right to ride on a bus or to use a swimming pool *in* a landowner's garden.

Google 'retranslated' - I do hereby disclaim (give notice of disclaimer of) the limited interest - as a life estate in the apartment and consisting of the use of the entire residential premises located at ...