Who is defined as an individual entitled to use a property for their lifetime?

The term that accurately describes an individual entitled to use a property for their lifetime is commonly known as a life tenant. A life tenant holds a present interest in the property, allowing them to use and enjoy it for the duration of their life. This individual has the right to possess the property and derive benefits from it, such as living in the property or renting it out and receiving the income generated.

While the term "tenant for life" may appear synonymous, it is not the conventional terminology used in legal definitions. Legal documents and terminology usually designate the life tenant more specifically, emphasizing their unique position and rights related to the property.

In property law, the life tenant’s rights terminate upon their death, at which point the interest in the property typically passes to a remainderman, who holds a future interest in the property. Therefore, recognizing the term "life tenant" as the correct designation is essential in understanding property interests and their implications in law, particularly in estate planning and inheritance matters.