Title to Real Property Owned by a Decedent Vests in the Decedent's

question 25

True/False

Title to real property owned by a decedent vests in the decedent's heirs immediately upon death but is subject to divesting.

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Definitions:

Lessee

An entity or individual that leases or rents property or equipment from another.

Operating Lease

A leasing agreement allowing a lessee to use an asset without owning it, typically with shorter terms than a capital lease.

Ownership

The legal right or interest in something, often involving assets like property, businesses, or investments.

Contract Rate

The agreed-upon interest rate specified in a contract, such as in loans, leases, or bonds.