The person whose life is the basis for a life's estate is known as what?

The person whose life serves as the basis for a life's estate is referred to as the life tenant. A life estate is a form of property ownership that lasts for the duration of an individual's life. Upon the death of the life tenant, the estate reverts back to the original grantor (if specified), or it goes to a predetermined third party, known as a remainderman. The life tenant has the rights to use and enjoy the property during their lifetime, but these rights are limited to that specific timeframe. The life estate underscores the idea that ownership can be temporary and tied to a person's life, which is central to understanding this type of property interest.