What is "pur autre vie" in property terms?

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

The term "pur autre vie" refers to a legal property interest that lasts for the lifetime of a designated individual rather than the life of the property owner. This usage signifies that the duration of the interest is tied specifically to the life of someone other than the person who holds the estate. For example, if an individual grants a life estate to another person that is measured by the lifetime of a third party, that is termed "pur autre vie." It allows the holder to benefit from the property for as long as that specified person is alive.

Understanding this term is vital in property law, particularly when discussing life estates, as it outlines the conditions and limitations surrounding the ownership of property interests based on the lifespan of someone other than the owner. The nature of life estates and the specifications of such interests play a significant role in estate planning and property management.

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