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what does LE mean after your name as property owner

what does LE mean after your name on your deed

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi

An LE after the name of the owner on the deed refers to the life estate clause on the deed. This means that although the owner has transferred the ownership to someone else through the deed, he/she still retains the right to stay in the property till his/her death. This also implies that the grantee(s) cannot ask the grantor to vacate the property or cannot sell it off as long as the grantor is alive.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi savior70,
Am a bit confused, perhaps you can help, Ihope! If the "owner" is the grantee, and the "former owner" the grantor, following your above explaination, it would be the grantor who had the "L/E" after their name, andthe grantee would not be able to sell the property or otherwise ask the grantor to vacate.

So why would the grantee have the "L/E" after their name?

Thanks!

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

What does l/e etal mean after your name on deed?

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Dee,

This is something which your real estate attorney will be able to answer better. You should show the property deed to him and he will guide you further in this regard.

Thanks

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

do both parties required to sign on the sale of property if the grantor has le to the grantee

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi grace,

As far as I know it is must for the grantor to sign the property deed. However, in some states, it is required that the grantee should also sign the deed.

Thanks

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

When the owner dies does the home still go thru probate? Does the L/E owner asume all if any debt left after the owner dies? We live in Florida.

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smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi leman!

Welcome to forums!

If there is a will, then after the death of the owner, it has to go through a probate. After the death of the owner of the property, the estate will pay off the debt. However, if there is a co-owner, then it becomes the responsibility of the co-owner to pay off the debt.

Feel free to ask if you've further queries.

Sussane

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

What does the Est after the owners name on property appraiser mean ?

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smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Rose!

Welcome to the forums!

I guess "Est" in your case means "Established". You can contact your property appraiser and he can better clarify the matter.

Feel free to ask if you've further queries.

Sussane

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

If there are two grantors on a deed. Does both grantors have to sign another [url=http://www.mortgagefit.com/quitclaim-deed.html]quit claim deed[/url] to add someone else.

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi preachermann,

Yes, both the people have to sign the deed in order to add a third person to the property.

Thanks

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