What does the term "pur autre vie" refer to in real estate?

The term "pur autre vie" is a French phrase that translates to "for another's life" in English. In the context of real estate, it refers specifically to a type of life estate where the ownership is granted for the duration of another person's life, rather than the life of the owner. This means that the person holding the life estate benefits from the property as long as the designated individual (the life tenant) is alive. Once that individual passes away, the ownership interest in the property ceases, and the property often reverts to the original owner or their heirs.

Understanding this concept is important within real estate transactions, especially when it comes to estate planning or determining the rights of various parties in property ownership. The other options do not accurately capture the essence of “pur autre vie,” as they either refer to the life estate of the owner, the concept of reversion, or specific terms of leasehold property, which all differ from the definition of a life estate held for the duration of someone else's life.