medium · National Real Estate Exam property-ownership
A life tenant wants to install a new central air conditioning system.
Who is responsible for the cost of this improvement?
- The remainderman, since the AC system will raise the property's long-term resale value.
- The life tenant is solely responsible for all improvements they choose to make.
- The cost must legally be shared equally between the life tenant and remainderman.
- The original grantor, under the deed covenant of warranty forever.
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