Montana Code 70-16-102. Rights of life tenant
Current as of: 2023 | Check for updates
|
Other versions
70-16-102. Rights of life tenant. The owner of a life estate may use the land in the same manner as the owner of a fee simple, except that the owner of the life estate may not do an act to the injury of the inheritance.
Terms Used In Montana Code 70-16-102
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).