Definition of LEGAL LIFE TENANT:
(noun) / any person entitled for his life or for the life of another to the possession and use of real or personal property (SCPA § 103 [30])
Plain English translation: A legal life tenant is a person legally entitled to use someone else’s property for their entire life. The time that the right exists can be based on the tenant’s life or the life of another person.
Example: Richard transferred his house to Teresa and gave Rory the right to live in the home for the rest of Rory’s life. Therefore, Teresa owns the property, but Rory is a legal life tenant.
