Life property deed

Life property deed – in the meaning, given by the Real Estate Law, this is a possession right given to you to use and to manage land and/or structures on land only for the life tenant. The asset goes back to the grantor (or to some other person), at the decease of the person to whom it is initially given. Per the Property Law in many European legal systems, the right of usage is such life estate, as it expires with the decease of its user.

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