Author Question: Is the life tenant always the measuring life? Why or why not? What will be an ideal ... (Read 39 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
Is the life tenant always the measuring life? Why or why not?
 
  What will be an ideal response?

Question 2

What characteristics make a fixture part of real property rather than personal property?
 
  What will be an ideal response?



SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

The measuring life can be that of grantor, the life tenant, or another individual. The life estate is frequently used a method of planning and control over the distribution of the real estate, including protecting the real estate from creditors and providing housing for a financially irresponsible or physically disabled child.

Answer to Question 2

The key analysis relates to how the item is attached and whether its removal will result in significant harm to the property. As part of that analysis several factors should be considered: the means and method of attachment; the adaptation of the object outside the real property; the intent of the party who originally attached the object;
the relationship of the parties, and; the existence of an agreement that defines whether the object is part of the real property.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

For a complete list of videos, visit our video library