Possibility of reverter
Term · Law · MLC-T-LAW-003810
A future interest in real property that remains with the grantor after conveying a fee simple determinable estate. This interest automatically restores full ownership to the grantor or their heirs if a stated condition in the grant is violated or ceases to exist. It is a non-possessory interest that becomes possessory upon the occurrence of the specified event.
| Identifier | MLC-T-LAW-003810 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003810",
"term": "Possibility of reverter",
"field": "Law",
"definition": "A future interest in real property that remains with the grantor after conveying a fee simple determinable estate. This interest automatically restores full ownership to the grantor or their heirs if a stated condition in the grant is violated or ceases to exist. It is a non-possessory interest that becomes possessory upon the occurrence of the specified event.",
"url": "https://mlchart.com/terminology/law/possibility-of-reverter/"
}
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