The ____________________ Model Emphasizes Efficiency and the Capacity

question 88

Short Answer

The ____________________ model emphasizes efficiency and the capacity.

---

Definitions:

Life Estates

A legal right to use and benefit from a property for the duration of an individual's lifetime.

Exclusive Possession

The right of an individual or entity to the use and control of property without interference from others, often associated with lease agreements.

Real Property

Land and anything permanently affixed to it, such as buildings, along with the rights of use and enjoyment that come with the land.

Relief Against Forfeiture

An equitable principle that when a landlord retakes a property because of a failure to pay rent prior to the end of the lease term, the tenant can pay the arrears and apply in the court to have the lease reinstated.