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12. A life estate is the right of a person to use the property for the rest of his or her life. This person is

12. A life estate is the right of a person to use the property for the rest of his or her life. This person is a life tenant. Certain duties and limitations are imposed on the life tenant to safeguard the remaindermans rights. The life tenant

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a. is entitled to the use of the land but must not receive profits from it.

b. is not responsible for taxes on the land because the remainderman is to receive the long-term benefits from the land.

c. may exploit natural resources of the land in reasonable amounts if the land was so used when the life estate was granted (i.e., there was already an oil well on the land).

d. must preserve the land in the same repair as when the life estate was granted.

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