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What Are the Rights of the Life Tenant and Remainderman?

April 26, 2017life remainderman Rights tenant

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What Are the Rights of the Life Tenant and Remainderman?

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The life tenant can live in or rent the property. He or she is responsible for maintaining the property, and paying the utilities, taxes and insurance. The life tenant is entitled to any rental income. During the life of the life tenant, the remainderman may protect his or her interest by inspecting the property for waste or to make repairs, but the remainderman cannot force the life tenant to give access to the property for any other reason.