possibility of a reverter
- possibility of a reverter
-
n.
A chance that an estate will return to the person who granted it if certain conditions occur.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc.
Amy Hackney Blackwell.
2008.
- possibility of a reverter
-
The potential that the title to a real property interest will return to the original grantor. For example, a gift of a building to a hospital on condition that it be used forever for health care. If the building is no longer used for that purpose, the property will revert to the estate of the original grantor.
Category: Real Estate & Rental Property
Category: Wills, Trusts & Estates
Nolo’s Plain-English Law Dictionary.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
- possibility of a reverter
-
-
n.
the potential that the title to a real property interest will return to the original grantor or giver or to his/her lineal descendants. Examples of events which could cause the title to revert: A gift of property to a hospital on condition that it be used forever for health care, but if the building is no longer used for that purpose the property will revert to the family of the original grantor; the real property is given to a daughter and her children, but will revert to her brother's descendants if her line dies out without further issue.
Law dictionary.
EdwART.
2013.
Look at other dictionaries:
reverter — re·vert·er /ri vər tər/ n [Anglo French, from reverter to return, from Old French revertir to return, revert, from Latin revertere to turn back] 1: reversion 2: possibility of reverter ◇ Althoug … Law dictionary
possibility of reverter — pos·si·bil·i·ty of reverter: a future interest in property that is retained by the grantor of a conditional fee or determinable fee and by which property reverts to the grantor upon the occurrence of a particular event or fulfillment of a… … Law dictionary
reverter, possibility of — A contingent future interest in real property that a grantor of a determinable fee possesses after he or she has conveyed property. Dictionary from West s Encyclopedia of American Law. 2005. reverter, possibility of … Law dictionary
possibility of reverter — A type of future interest, if it may be properly designated as an interest, which remains in a grantor by deed or his successor in interest or in a testator s heirs or devisees where, by grant or devise, there has been created an estate in fee… … Ballentine's law dictionary
possibility — An uncertain thing which may happen. A contingent interest in real or personal estate. It is either near (or ordinary), as where an estate is limited to one after the death of another, or remote (or extraordinary), as where it is limited to a man … Black's law dictionary
reverter — /ravartar/ Reversion. A possibility of reverter is that species of reversionary interest which exists when the grant is so limited that it may possibly terminate. See formedon in the reverter … Black's law dictionary
reverter — I. ]d.ə(r) noun ( s) Etymology: Middle English, from Anglo French reverter to return (taken as a noun), from Old French revertir to return, revert 1 … Useful english dictionary
reverter — The restoration of the use of property to a donor in dedication upon the termination of the use for which dedicated. 14 Am J2d Cem § 24. See formedon in the reverter; possibility of re verter; reversion; revert … Ballentine's law dictionary
possibility of reverter — noun Where a grantor of an estate in land has created a fee simple subject to condition subsequent (a condition on the grant which would give the grantor the right to reclaim ownership of the property), the grantors remaining interest in the… … Wiktionary
possibility of reverter — a future interest in property left to a transferor or his successor in interest that is subject to a condition precedent … Useful english dictionary
