Reversion (law)
(Redirected from Reverter)
| Property law |
|---|
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| Part of the common law series |
| Types |
| Acquisition |
| Estates in land |
| Conveyancing |
| Future use control |
| Nonpossessory interest |
| Related topics |
| Other common law areas |
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Higher category: Law and Common law |
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.[1]
References
[edit]- ^ A dictionary of law. E. A. Martin (5 ed.). [Oxford]: Oxford University Press. 2002. pp. 434–5. ISBN 0-19-860399-1. OCLC 51115242.
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