The postponed right of use or enjoyment of property.
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 property interest in which the privilege of possession is a future and not present event.
A property interest that cannot be currently possessed, used or enjoyed.
An interest in property that cannot be currently possessed, used or enjoyed.
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.
An ownership interest in property in which unlimited possession or enjoyment of property is delayed until some future time.
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.
A present interest, but only a future right to possession and enjoyment of the land, such as a remainder interest, reversionary interest, etc.
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.