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Life estate pur autre vie
Definition:
An interest in real property held for the life of some person other than the life tenant (pur autre vie is French for "for the life of another"). A life estate pur autre vie (also known as pour autre vie) is a form of conventional life estate wherein the duration of the estate is measured not against the life of the life tenant, but against the life of another person specified by the grantor of the estate. A life estate pur autre vie is the only life estate that has a right
of inheritance: during the life of this other person against whose lifespan the
duration of the estate depends, the life tenant's heirs may inherit the
property. Once the "other person" is deceased, this right of inheritance ends.
Terms, Definitions, and Concepts: Real Estate, Legal (Law), Title and Title Insurance, Management
Added: Tue Jul 08 2008
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