Possibility of a reverter
Term · Law · MLC-T-LAW-003809
A future interest in real property retained by a grantor when conveying a fee simple determinable estate. This interest automatically causes the property to revert to the grantor or their heirs if a specified condition or event occurs. It is a passive interest that does not require any action by the grantor to regain ownership.
| Identifier | MLC-T-LAW-003809 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003809",
"term": "Possibility of a reverter",
"field": "Law",
"definition": "A future interest in real property retained by a grantor when conveying a fee simple determinable estate. This interest automatically causes the property to revert to the grantor or their heirs if a specified condition or event occurs. It is a passive interest that does not require any action by the grantor to regain ownership.",
"url": "https://mlchart.com/terminology/law/possibility-of-a-reverter/"
}
Record 3,832 of 5,445 in Law terminology (MLC-0107). Request the full dataset.