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what does LE mean after your name as property owner

Posted on: 21st May, 2009 07:31 pm
what does LE mean after your name on your deed
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.
Posted on: 22nd May, 2009 03:01 am
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!
Posted on: 23rd May, 2009 10:01 am
What does l/e etal mean after your name on deed?
Posted on: 31st Mar, 2011 05:13 am
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
Posted on: 31st Mar, 2011 10:58 pm
do both parties required to sign on the sale of property if the grantor has le to the grantee
Posted on: 09th Oct, 2011 11:10 am
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
Posted on: 09th Oct, 2011 09:45 pm
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.
Posted on: 10th Dec, 2012 09:26 am
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
Posted on: 10th Dec, 2012 10:06 pm
What does the Est after the owners name on property appraiser mean ?
Posted on: 29th Apr, 2013 07:10 am
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
Posted on: 29th Apr, 2013 11:08 pm
if there are two grantors on a deed. does both grantors have to sign another quit claim deed to add someone else.
Posted on: 04th Jun, 2013 04:46 pm
Hi preachermann,

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

Thanks
Posted on: 04th Jun, 2013 09:15 pm
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