Who is referred to as the person who will receive a property after the life tenant passes away?

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Prepare for the Texas Real Estate Principles 1 Test. Utilize flashcards and multiple choice questions with detailed explanations for each question. Boost your confidence and ace your exam!

The term that accurately identifies the person who will receive a property after the life tenant passes away is "remainderman." In the context of property law, a life estate is an interest in real estate that's limited to the duration of an individual's lifetime, known as the life tenant. Upon the death of the life tenant, the property does not revert to the original owner (the grantor) but instead passes directly to the remainderman, who holds a future interest in the property.

The role of the remainderman is significant as it establishes a clear line of succession for the property. This ensures that the property is transferred as intended after the life tenant's interest ends. Understanding this concept is crucial as it pertains to the rights associated with life estates and future interests in real property.

In contrast, the other terms provided do not fit this definition. The grantor is the individual who creates the life estate and transfers ownership. The life tenant is the person who holds the property during their lifetime. Owner is a more generic term that doesn't specifically refer to the future interest holder in a life estate scenario.

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