What must the life tenant do regarding property taxes in a Life Estate?

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Prepare for the UCF BUL3130 Legal and Ethical Environment of Business Exam 2. Dive into legal and ethical concepts with flashcards, multiple-choice questions, and detailed explanations. Get exam-ready with comprehensive study resources!

In a Life Estate, the life tenant holds a temporary interest in the property for the duration of their lifetime. One of the key responsibilities that comes with this interest is the obligation to pay property taxes. This requirement ensures that the property remains in good standing and does not face potential tax liens or foreclosure due to unpaid taxes.

By paying property taxes, the life tenant contributes to the upkeep and value of the property, benefiting both themselves during their lifetime and the remainder beneficiaries once the life estate ends. Fulfilling this financial obligation is crucial for maintaining the property and its rights, essentially reflecting a responsible and lawful ownership experience. Thus, the correct answer highlights the essential duty of the life tenant concerning property taxes within the context of a Life Estate.