National Real Estate Practice Exam

What does "Pur Autre Vie" refer to in real estate?

1. A life estate that lasts until a specified date

2. A life estate based on the life of another individual

3. A leasehold estate with periodic payment

4. A fee simple interest in property

The correct answer is: A life estate based on the life of another individual

"Pur Autre Vie" is a legal term that specifically refers to a type of life estate that is measured by the lifespan of someone other than the person who holds the estate. This means that the duration of the life estate is contingent upon the life of another individual, rather than the life of the person who has the right to use or occupy the property. This arrangement allows the life tenant to benefit from the property during the lifetime of the specified individual, after which the property will pass to a remainder person or revert back to the original grantor. In contrast, a life estate that lasts until a specified date pertains to a predefined time frame, which does not align with the definition of "Pur Autre Vie." Additionally, a leasehold estate with periodic payments refers to a different concept related to rental agreements rather than ownership or life estate interests. Finally, a fee simple interest encompasses full ownership of property without conditions or limitations, distinguishing it from the limited interest associated with a life estate, including one defined as "Pur Autre Vie."