Legal Question in Real Estate Law in Virginia
Sale of property
Can a house and property be sold if their are life time rights?
Asked on 2/18/08, 12:34 pm
3 Answers from Attorneys
Robert Strupp
Robert J. Strupp,Attorney at Law, PLC
Re: Sale of property
An attorney will need more information. It might be that it could be sold "subject to" the rights of a life tenant.
Answered on 2/18/08, 12:42 pm
Susan Allen
The Law Office of Susan E. Allen, PLLC
Re: Sale of property
The holder of a life estate interest may convey that interest. However, the recipient of the life estate will have a right to occupy the premises for the measuring life, which is typically the person who initially conveyed the life estate. If you need a more in-depth analysis of your individual situation, you should seek guidance from a real estate attorney.
Answered on 2/18/08, 12:43 pm
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Sale of property
Generally, yes, if the beneficiary of the "life time rights" agrees to the sale.
Answered on 2/18/08, 3:35 pm