Reversion
The legal process through which an estate is returned to the grantor, usually in fee ownership, after the grantee's estate ends.
The grantee's estate may end for a number of reasons. For example, the grantor may have specified that the grantee's interest in the property expires on a certain date. Other examples of different estates and the events that might end them include:
1. The death of the life tenant (conventional life estate) or the person upon whose life the duration of the life estate was based (life estate pur autre vie).
2. Violation of a condition (estate in qualified fee subject to condition subsequent) or limitation (estate in qualified fee determinable) specified by the grantor.
Contrast with remainder.
Added: Tue Jun 03 2008
Last Modified: Wed Jun 25 2008
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