Canada Mutual Grant of Life Estate in Property

Prepare a Mutual Grant of Life Estate in Property with this easy template form for Canada.

• This document would be signed by two spouses or life partners who own the property as tenants in common.
• A life estate is one whose duration is limited to the life of the party holding it, and the property does not become part of their estate upon their death.
• Each party will contribute equally to mortgage payments, maintenance costs and expenses related to the property.
• Each party indemnifies the other against claims and damages.
• Upon the death of one of the parties, title to the property will transfer to the survivor.

This Canada Mutual Grant of Life Estate in Property form is provided in MS Word format, and is fully editable to fit your particular circumstances.