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0 tracked cards Real Property

O conveys Mineral Ranch "to Life Tenant for life, then to Remainderman." When the life estate begins, one gravel pit is already open and operating. Life Tenant wants to keep operating that pit and also open a new pit on a different part of the ranch.
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Life Tenant may continue operating a mine that was open when the life estate began, but generally may not open a new mine. Life Tenant may open any new mine because a life tenant owns the land during the life estate. Life Tenant may open a new mine only if doing so increases the land's market value. Life Tenant may extract minerals only after obtaining the remainderman's title.

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