The interest that a person has in the reversion of lands or other property. A right to the future enjoyment of property that is at present in the possession of another.
Interest a person has in lands or other property on termination of a lesser estate, such as a leasehold estate.
the interest in a property that an individual has at the severance of a previous estate.
a right to recover property at some time in the future
The possibility that property will return to the donor after it has been given away.
Pertains to giving property away on certain conditions, with the possibility that the property will return to you.
A right to future enjoyment by the transferor of property that is now in the possession or enjoyment of another party. For example, “A†creates a trust under which a parent, “B,†is to enjoy income for life, with the principal of the trust to be paid over to “A†at “B's†death. “A's†interest is a reversionary interest.
A gift of property subject to a prior interest. For example, a house that has been given to someone for the rest of their life - on their death, the house goes to charity
An ownership interest in property that returns to the original owner when the intervening interest expires.
The legal right to a property of a person under a reversion clause.
The interest which a person lias in lands or other property upon the termination of the preceding estate.
Interest in trust property.
The remnant of an estate that the grantor holds after granting a life estate to another person. (See life estate)
the interest a person has in property upon the termination of the preceding estate. -- View Real Estate Listings
A type of interest a person may have in lands or other property upon the termination of the preceding estate.
Interest a person has in property that is now held by another. Upon termination of that possession, the property will revert back to the grantor.
The interest a person receives in real or other property upon the termination of the preceding estate. Example; a life estate.
The interest that a person has in lands or other property upon the termination of the preceding estate.
