What is 'pur autre vie' commonly associated with in real estate?

'Pur autre vie' refers to a type of life estate that is based on the life of someone other than the person who holds the life estate. In this arrangement, the individual who has the life estate retains the right to use and benefit from the property for as long as a designated third party is alive.

This concept is significant in real estate as it establishes the duration of the interest in the property—once the life of the designated individual ends, the life estate terminates. The property then transfers to a remainderman, who is the person designated to receive the property after the life estate ends.

Understanding 'pur autre vie' is essential for real estate professionals, as it impacts property rights and can influence estate planning, inheritance issues, and property management decisions. This term is not associated with commercial leases, short-term rentals, or tenancy in common, which are different concepts in real estate law.