The law assumes that future property is of no benefit to the life tenant, and thus must be sold to obtain income producing investments.
12.
Financial and physical responsibility falls to the life tenant under the legal doctrine of waste, which prohibits life tenants from damaging or devaluing the asset.
13.
Financial and physical responsibility falls to the life tenant under the legal doctrine of waste, which prohibits life tenants from damaging or devaluing the asset.
14.
These are considered to be non-permanent investments, and may be of significantly reduced or no value by the time of the death of the life tenant.
15.
The present Lord Eccles and his family are life tenants of Moulton Hall, Moulton, near Richmond, North Yorkshire, a 17th-century house, the property of the National Trust.
16.
Jeremy Davies plays the semi-retarded Tom Tom, who is known as the " beggar's butler " at a Los Angeles flophouse because he joyfully runs errands for its low-life tenants.
17.
Under English law and Australian law, equitable waste is waste that a life tenant has a right to commit at common law but is restrained by a court of equity.
18.
Life tenants are never recorded as proprietors at the Land Registry as they are temporary, equitable owners and are not entitled to have the a transfer of the land effected.
19.
A lawsuit for waste can be brought against a life tenant or lessee of a leasehold estate, either by a current landlord or by the owner of a vested future interest.
20.
Rather than requiring some bad act on the part of the tenant, this requires the failure to maintain ordinary mortgage by the life tenant or the lessee of a leasehold estate.
