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Definition of reversion 1a : the part of a simple estate remaining in the control of its owner after the owner has granted therefrom a lesser particular estate. b : a future interest in property left in the control of a grantor or the grantors successor.
What is an example of reversion? A common example of reversion is a leasehold estate, in which the lessee has the right to use and occupy the property for a specified period of time. When the lease term ends, the property reverts to the lessor.
A right of reversion is a contractual provision that permits authors to work with their publishers to regain some or all of the rights in their books when certain conditions are met.
The lessor typically retains a reversion interest in the property which will mature after the lease expires. A common example of this transaction is the leasing of an apartment to a tenant for a one-year period.
What is an example of reversion? A common example of reversion is a leasehold estate, in which the lessee has the right to use and occupy the property for a specified period of time. When the lease term ends, the property reverts to the lessor.
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In trust law terms, a reversionary interest is an interest that reverts back to the settlor of a trust once a beneficiarys interest has come to an end. For example, Bob gives a life interest in Rose Cottage to his mother Judy, and on Judys death the cottage is to revert back to Bob.
In trust law terms, a reversionary interest is an interest that reverts back to the settlor of a trust once a beneficiarys interest has come to an end. For example, Bob gives a life interest in Rose Cottage to his mother Judy, and on Judys death the cottage is to revert back to Bob.
British Dictionary definitions for reversion reversion. / (rɪˈvɜːʃən) / noun. a return to or towards an earlier condition, practice, or belief; act of reverting. the act of reversing or the state of being reversed; reversal.
The lessor typically retains a reversion interest in the property which will mature after the lease expires. A common example of this transaction is the leasing of an apartment to a tenant for a one-year period.
The future interest is called a remainder, and the holder of this interest is called the remainderman. Remainders are subdivided into two principal categories: contingent remainders and vested remainders.

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