Does a life tenancy lease entitle tenants to homestead rights?

Full question:

Does a life tenancy lease entitle tenants to homestead rights?

Answer:

222.05 Setting apart leasehold.--Any person owning and occupying any
dwelling house, including a mobile home used as a residence, or modular
home, on land not his or her own which he or she may lawfully possess, by
lease or otherwise, and claiming such house, mobile home, or modular
home as his or her homestead, shall be entitled to the exemption of such
house, mobile home, or modular home from levy and sale as aforesaid.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

No, a homestead is not a legal life estate. A homestead refers to a dwelling that is occupied by its owner and provides certain legal protections, such as exemptions from creditors. A life estate, on the other hand, is an interest in property that lasts for the lifetime of a designated individual. While a life tenant can claim homestead rights if they occupy the property, the two concepts are distinct.