What type of life estate lasts for the duration of the tenant's life?

The type of life estate that lasts for the duration of the tenant's life is known as a Conventional Life Estate. This arrangement grants the tenant the right to occupy and use the property for as long as they are alive. Upon the tenant's death, the property automatically transfers to the remainderman, who is the person designated in the life estate agreement to receive the property thereafter. This structure is foundational in estate planning, as it allows individuals to provide for someone while ensuring that ownership ultimately passes to another person or entity.

In contrast, a Fee Simple Life Estate is not a commonly recognized term in real estate, which can lead to confusion. A Reversionary Life Estate refers to a situation where property ownership reverts back to the original owner or their heirs after the life estate ends, typically upon death. A Conditional Life Estate is also not a widely accepted term and could imply conditions affecting the usage of the property rather than the duration of the tenant’s life. Therefore, the Conventional Life Estate is the clear and accurate interpretation for the duration of a tenant's life.