What rights does a lifetime occupancy person have

Question

What rights does a lifetime occupancy person have

Answer 1

A "life estate" basically means you may live there and do

maintenance but that is about all.

Answer 2

It depends on how the contract that grants them lifetime tenancy was written. Read the grant of tenancy.

Sometimes it will allow them to lease the property, sometimes not.

Answer 3

Basically, they have title rights, meaning they must sign a mortgage/deed of trust and all related title docs. Some lenders have an issue with this and will force the life estate off of title