Only Residents with Children Enrolled in Local Schools Are Considered

question 22

True/False

Only residents with children enrolled in local schools are considered to be school stakeholders.

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Definitions:

Life Estate

An estate in which the owner owns real property for his or her life or for the life of another.

Reversion Estate

A future interest in property when title is to return to the grantor or grantor’s heirs upon expiration of a life estate.

Tenancy In Common

A form of joint ownership of property where each owner holds a percentage interest that can be sold or inherited independently of the others.

Equal Interests

The concept that parties involved in a transaction, relationship, or matter hold the same degree of importance, value, or rights.