Alabama Real Estate Practice Exam

What is a life estate pur autre vie?

1. For the life of another

2. For the life of the holder only

3. Renewable every year

4. Lasts for a fixed term

The correct answer is: For the life of another

A life estate pur autre vie is a type of property ownership in which the holder has the right to use the property for their own lifetime, but not necessarily their own life. This means that if the holder were to pass away before the end of the lifetime of the person for whom the property was intended, the property would pass on to that person's designated heirs. Option B is incorrect because it implies that the holder's lifetime is the only factor in determining the duration of the property. Option C is incorrect because it refers to a renewable term, rather than a continuous duration. Option D is incorrect because it refers to a fixed term, rather than a lifetime.