Do life tenancy leases provide tenants with homestead rights?

Full question:

Does a life tenancy lease entitle tenants to homestead rights?

Answer:

Any person who owns and occupies a dwelling, including a mobile or modular home, on land they lawfully possess—whether by lease or otherwise—can claim that dwelling as their homestead. This claim entitles them to an exemption from levy and sale (Fla. Stat. § 222.05).

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.