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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