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Possibility of reverter
Definition:
The right of reversion and future interest retained by the grantor of an estate in qualified fee determinable which allows him to automatically recover fee ownership of the property if the grantee fails to comply with a special limitation stipulated as a condition of the sale.
Contrast with Right of reentry.
Terms, Definitions, and Concepts: Real Estate, Title and Title Insurance, Legal (Law), Management
Added: Fri May 30 2008
Last Modified: Wed Jul 09 2008
Related Terms
Right of reversion Future interest Grantee Grantor Estate in qualified fee determinable Fee simple absolute (Fee simple, Fee, Fee ownership) Special limitation Right of reentry (Right of re-entry) Estates in Real Property FAQ'sHave something to add? How useful is this Landterm? Bookmark this term
