Reversion (law)
Future interest that is retained by the grantor
Nº Q7318316 ★★★
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Reversion (law)
Future interest that is retained by the grantor
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate). Once the lesser estate comes to an end (the lease expires or the life estate tenant dies), the property automatically reverts (hence reversion) back to the grantor.
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Texte en anglais Pas encore d'article dans ta langue : extrait en anglais.
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate). Once the lesser estate comes to an end (the lease expires or the life estate tenant dies), the property automatically reverts (hence reversion) back to the grantor.
Texte : Wikipédia en anglais, CC BY-SA 4.0. ·
