Statutes usually award legal title to lost property to the finder when the true owners: cannot be located after a diligent search. convert the property. seek to reclaim lost property. have mislaid the property. Pete possesses a parcel of land. Pete has the right to use the property, including extracting timber from the land, for life. Pete also has the right to lease the land for a period not to exceed his life. This ownership interest is: O a leasehold estate. O a life estate. O a fee simple absolute. the power of eminent domain. A deed in which the grantor assures the grantee that the grantor has title to the property conveyed in the deed, that there are no encumbrances on the property, and that the grantor is legally entitled to transfer the property: warranty deed. special warranty deed. deed. none of these choices