An estate in real property entitling the owner to possession and enjoyment at a future date. Home | Who We Are | Title Insurance | Top of Terminology | Order Sheet | Premium Calculator | Closing Fees | SecurWest | Local Links | Contact Us Security Title Company of Montana 600 South 19th Avenue Bozeman, MT 59718
A present ownership interest or possibility of ownership in land with the right of possession postponed into the future. Essentially a future interest is a present non-possessory right which will or may become a possessory right at some future date. Future interest may be classified as follows: (1) possibility of reverter, (2) right of reentry or power of termination, (3) reversions, and (4) remainders.
A property or estate right that may not be enjoyed until some time in the future when a certain event occurs, such as a life estate which will pass to another individual having a future interest as a fee simple estate.
In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship.