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Reversion (law)

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(Redirected from Reverter) Future interest that is retained by the grantor Not to be confused with Reversal (law). "Reverter" redirects here. For the medieval Catalan nobleman, see Reverter de La Guardia.
Property law
Part of the common law series
Types
Acquisition
Estates in land
Conveyancing
Future use control
Nonpossessory interest
Related topics
Other common law areas

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.

References

  1. A dictionary of law. E. A. Martin (5 ed.). : Oxford University Press. 2002. pp. 434–5. ISBN 0-19-860399-1. OCLC 51115242.{{cite book}}: CS1 maint: others (link)
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