The usual unit measuring flow rate for irriga-. tion water rights is a cubic foot per second (cfs). This is water flowing through a cross-sectional. area of 1 ft2 at a velocity of 1 foot per second, and. itâs sometimes called a second-foot.
A life estate is a legal arrangement to transfer property automatically upon a personâs death. One person is given an interest in the property for his or her lifetime. This person is called a life tenant (LT). At the death of the life tenant, property will pass automatically to one or more other individuals or organizations. The people or organizations that receive the property at death are called remaindermen.
In the event the Life Tenant no longer wishes to reside at the property, or if they are unable to reside there, the property can be rented and the rental income is the rightful property of the Life Tenant. Even if the property is a multifamily dwelling, all rental income is payable to the Life Tenant Owner.