Question

Roderick possesses five hundred acres of forested property. Roderick has the right to use the land, including cutting its timber, for life. Roderick also has the right to lease the land for a period not to exceed his life. This ownership interest is

Answer 1

This ownership interest is a life state.

Step-by-step explanation:

A life state joint ownership allows Roderick to remain in this property and to lease or use the land as he would like until his death. Nobody can take possession until Roderick's death as a life state holder. He also has the legal responsibility to maintain the property.